BMO soft-closes $1bn LGM Frontier Markets strategy

Reached $1bn in AUM

The BMO LGM Frontier Markets strategy has soft-closed to new investors after reaching $1bn in assets under management.

The strategy consists of three BMO LGM frontier markets funds, the UCITS version of which is $789m and lead managed by chief investment officer Thomas Vester, with Dafydd Lewis as co-portfolio manager.  A capacity limit was set back in 2011 when the strategy was launched as the firm was aware frontier markets is an illiquid asset class. Vester said he was "extremely satisfied" to have since reached this level of assets. "We set the capacity at a level where we could balance our ability to invest across frontier markets in a concentrated manner while also providing us the scale to ...