Liontrust to merge away Macro UK High Alpha fund

Liontrust is proposing to merge the Macro UK High Alpha fund into its Macro UK Growth fund due to the "sub-optimal" size of the high alpha vehicle.

The former Walker Crips fund, run by Jan Luthman and Steve Bailey (pictured), has seen assets fall to £5m since its heyday in 2008 when the fund was soft-closed at £100m. It was launched in October 2006 as a concentrated version of the £122m UK Growth fund, also run by the pair, and promptly saw inflows of £40m. By July 2008, inflows surged to £81m and Walker Crips took the decision to soft-close the fund when it reached the £100m mark in October. However, by June 2009 AUM had fallen to £85m and the fund was reopened. AUM then fell steadily to around £19m a year ago. Liontrust p...