Lim Advisors puts China multi-strat fund on ice

Lim Advisors has put its China Absolute Return Fund in a holding pattern, according to sources, closing the strategy to external investors recently following a -26% loss last year. Launched in 2006, the China-focused strategy is understood to be continuing trades, running about $38 million in assets thought to be largely, or entirely, the Hong Kong-based firm’s own money. Lim Advisors declined to comment for this article. Since inception to end-2011 the China fund has returned…