Tellworth soft closes UK Select fund

'Managing capacity'

Tellworth Investments has soft closed its absolute return UK Select fund after experiencing a surge in inflows.

The fund started 2022 with assets totalling £74.3m, according to data from Morningstar Direct. As of 3 March 2022, it had reached £593m. The monthly factsheet for January 2023, the most recent version available, also shows a yearly return of 6.3% A spokesperson for Tellworth told Investment Week the company is no longer marketing the UK Select fund, while the fund profile on the company's website states: "We are currently managing capacity of this strategy". No further comment was provided. Tellworth makes investment analyst hire from Jeffries The fund was first launched in D...