Royal London AM closes Global Equity Select fund to new investors

The firm's rationale for the decision was to "exercise controls to manage the capacity of the strategy in order to maintain the integrity of its investment process", following a sustained period of "strong" performance with "significant" inflows from global investors. Existing investors in the share class will still be able to increase their investment.  According to data from FE fundinfo, the fund has gained 22.9% over the 12 months to 1 February, compared with a 10.6% gain in the IA Global sector over the same period. River Global taps Royal London AM and Vanguard for sales hires...