Titan Wealth to shutter multi-asset range of funds

Move follows Tavistock partnership collapse

Linus Uhlig
clock • 1 min read

Titan Wealth is closing its multi-asset range of funds next month, as uncertainty grows for investors around the impact of these fund closures.

A a spokesperson for Titan said: "We can confirm that the funds will close at the end of September," but they declined to comment any further. The reason for these closures remains unclear, and there is currently also a lack of clarity over whether Titan will absorb the cost of the fund closures or the options that will be presented to investors.  The news follows Tavistock's termination of its partnership with Titan last month, due to a "sustained period of unacceptable performance" by Titan, Tavistock said at the time. Titan has stated that the termination came against a backdrop...

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

More on Investment

FCA launches consultation on private stock market

FCA launches consultation on private stock market

Move follows Mansion House commitment

Linus Uhlig
clock 17 December 2024 • 3 min read
Partner Insight: Is FOMO overruling investment basics?

Partner Insight: Is FOMO overruling investment basics?

In 2020 we introduced our bubbles chart showing how concentrated investors were in a particular theme. Four years on we look at what, if anything, has changed, and what it means for investors going forward.

Orbis Investments
clock 16 December 2024 • 3 min read
Special situations: How to spot a good management team

Special situations: How to spot a good management team

'We prefer management teams that are considered rather than overly promotional'

Henry Flockhart and Andy Gray
clock 10 December 2024 • 5 min read