Evenlode to soft close Yarrow and Peters' Income fund as it reaches £2bn

Boutique asset manager Evenlode has announced plans to soft close its Evenlode Income fund, managed by Hugh Yarrow and Ben Peters, as it has reached £2bn in assets under management.

The group said the soft closure will come into effect from 1 May and is designed to protect the interests of existing investors. When this takes effect, an initial charge of 5% will be levied for new investors, though there will be no subscription changes for existing investors in the strategy. Evenlode Income fund scraps research costs Co-manager Yarrow (pictured) said: "At Evenlode, we are committed to delivering a high-quality, long-term investment management service to our clients. As part of this commitment, we view capacity management as an important part of the service we de...