Columbia Threadneedle, Man GLG and Merian GI close bond funds

July closures

Beth Brearley
clock • 2 min read

Columbia Threadneedle, Man GLG and Merian Global Investors are among the investment groups that closed bond funds in July.

The Threadneedle Absolute Return Bond fund closed on 26 July due to falling assets, with £21.5m in AUM as at 30 June. The fund launched in 2005 and was managed by Adrian Hilton. "We constantly review our range of funds and are committed to offering investors the best possible opportunities. Following a recent review, we have decided to close the fund due to its relatively small size," Columbia Threadneedle's head of distribution EMEA and Latin America Gary Collins said in a shareholder letter. "The fund's assets have fallen to a level that makes it economically unviable to manage and ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Beth Brearley
Author spotlight

Beth Brearley

Editor at Sustainable Investment

More on Companies

Mattioli Woods snaps up Cullen Wealth

Mattioli Woods snaps up Cullen Wealth

Companies House filings outline pre-Budget swoop

Isabel Baxter
clock 04 November 2024 • 2 min read
Financial planning firm Boosst becomes employee-owned

Financial planning firm Boosst becomes employee-owned

100% of shares transferred to the EOT without imposing any third-party debt

Isabel Baxter
clock 28 October 2024 • 2 min read
Openwork receives minority investment from Bain Capital

Openwork receives minority investment from Bain Capital

Following the network’s hunt for minority investor support in 2023

Isabel Baxter
clock 28 October 2024 • 2 min read