Barclays Capital is to close both the onshore and offshore versions of its Radar fund after failing to attract sufficient investor demand, Investment Week understands.
The group launched the Irish-domiciled Radar fund, an absolute return-style fund targeting positive returns in all market conditions, in February 2009. Last year the group launched an onshore version of the strategy, which was designed to reflect the highest conviction views of the group's Fund Solutions research team. The strategy was originally headed up by Tim Bond, who left to join Odey Asset Management in October 2010. It will close at the start of next month. Both funds are currently run up by Jason Smith and Ian Mizrahi, with the managers using an unconstrained asset allocat...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
