E Fund closes EM long/short equity strategy

China’s second largest asset manager, E Fund, has closed its emerging markets hedge fund less than two years after launch, apparently due to low performance and AUM. E Fund Global Emerging Markets, an offshore long/short equity strategy managed from the firm’s Hong Kong unit, lost -2.8% in the 12 months since its August 2011 launch, according to fund database figures. It is understood to have been running just under $6 million near the end of last year. The hedge fund was rece…