Columbia Threadneedle, Man GLG and Merian Global Investors are among the 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. Columbia Threadneedle to close Global Opportunities Bond fund just three years after launch ...
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