three multimanager portfolios deemed to be too small closed by insight investment
Insight Investment is to close three multimanager portfolios and is reviewing the status of two others after the managers deliberately shrunk the portfolios. The firm's UK Fixed Interest, Global Fixed Interest and Europe portfolios, managed by Patrick Armstrong and Ana Cukic-Munro, were identified as being too small in a recent review, along with the Insight Cash Portfolio. All will be wound up on 23 August, with investors being offered a free switch into other funds in the range. The firm claims these funds are so small that running costs have been negatively impacted. Six months ago, e...
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