Threadneedle is set to close its £2.6m Worldwide Select Multi-Manager fund which it acquired as part of the deal which saw it take on LV= Asset Management’s (Lvam) funds.
The Worldwide Select Multi-Manager fund was one of a group of retail funds acquired by Threadneedle in 2011 when it took on roughly £8bn of assets, run by Lvam, from its parent company LV=.
The fund managers Damian Barry and Giles Gilbertson will continue to run the other funds, including the £35.7m Threadneedle Balanced Managed fund.
A Threadneedle spokesperson said: “We have decided to close the Threadneedle Worldwide Select fund due to its small size and limited demand for the strategy, and in the best interest of its shareholders.”
“We are committed to providing our clients with the best investment opportunities and due diligence on their assets, and as such regularly review our fund range.”