How many multi-manager funds could be in danger of liquidation?

The number of multi-asset fund launches has accelerated this year, following the introduction of pension freedoms, begging the question: how many vehicles in the burgeoning sector can thrive or even survive in the longer term?

J.P. Morgan Asset Management has been one of the few groups so far to admit defeat in trying to drum up assets for small funds in this space. It recently announced plans to close Tony Lanning's £54m multi-manager Fusion Funds range, saying it has failed to gain traction in the market after launching in March 2013, despite the manager being well-known to retail investors. But the funds are part of a relatively long list of multi-asset products below £10m in size, according to figures compiled by Scopic Research for Investment Week. Its data shows that around 12% of all multi-asset f...