BlackRock has partially reopened Alister Hibbert's £2.4bn European Dynamic fund, following the vehicle's soft-closure in 2013.
The fund was originally soft-closed on 4 September 2013 with the aim to protect clients' interests. As part of the capacity management process, the firm had introduced two new share classes (FA and FD), made available to investors in a limited issue basis until the total portfolio size reached £2.5bn in AUM. However, in a letter to unitholders seen by Investment Week, BlackRock said that limitations on these two unit classes have now been removed as "additional capacity has become available". Multi-managers reveal favourite funds and asset classes of Q4 "In recent months additio...
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