No longer cost-effective funds set to close down.
Hong Kong, Aug 12, 2013 – William Paulstern has concluded that it is in the best interest of its investors in the William Paulstern Large Cap Equity Fund and the William Paulstern Energy Fund to terminate both funds, effective September 30, 2013.
William Paulstern has taken into account the size of each fund (which were determined to be small by company standards) and their associated operating costs and has established that they are no longer cost-effective.
Effective immediately, William Paulstern will relinquish any redemption fees as well as switch fees for both funds, each of the funds now being closed for new acquisitions.
William Paulstern will notify every client invested in the funds in regards to the upcoming termination.
About William Paulstern
William Paulstern is a sovereign leading investment and asset management firm with a strong heritage in equities and professional expertise in mutual funds, fixed income and multi-asset solutions. With a cumulative experience of more than 90 years in managing our investors’ assets we have learned that what matters the most is building a mutually beneficial relationship with our clients and winning their trust by out-delivering on their expected outcomes.
Address: 1008, Tai Nan West Street, Cheung Sha Wan / Lai Chi Kok, Kowloon, Hong Kong
Telephone: +852 58086701
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