LGM reopens frontier markets fund after investor redemptions

LGM Investments (formerly Lloyd George Management) has reopened its LGM Frontier Markets strategy to investors following a dip in assets.

The strategy, managed by LGM chief investment officer Thomas Vester and Dafydd Lewis, was soft-closed at the start of 2014 after assets hit $1bn (£624m). However, despite positive performance year-to-date, total AUM has now shrunk to $876m as of 30 September, prompting the group to reopen the strategy. The group has no plans to move back to daily dealing on the reopened $633m LGM Frontier Markets retail fund, and will continue to offer fortnightly dealing instead. Launched in November 2011, the Frontier Markets fund quickly amassed assets as investors looked to diversify their expo...