Columbia Threadneedle closes US fund over AUM concerns

'Too small to be... economically efficient'

Columbia Threadneedle is liquidating the $11m (Lux) American Absolute Alpha fund, which has failed to reach the minimum size to stay open.

The fund is run by Columbia Threadneedle's head of US equities Nicolas Janvier, and will be liquidated on 13 July. Columbia Threadneedle EMEA CEO Nick Ring to retire after 34-year career A spokesperson for Columbia Threadneedle said: "Following a recent review, the fund board for the Columbia Threadneedle (Lux) American Absolute Alpha fund concluded that the fund was too small to be managed in an economically efficient manner.  "In the best interests of clients, the decision was taken to liquidate the fund. We constantly review our range of funds and are committed to offering the b...