Multi-asset

Listed on LSE and Johannesburg Stock Exchange

Follows closure of Asia Property fund in July

Duce and Wood remain at the firm

Shares in mining giant drop 11%

Bleak future for hedge funds

Reflects costs of running fund

Low interest rates, pension freedoms and less risky structures are some of the reasons driving the rise of alternatives in closed-ended funds according to Tim Mitchell, head of investment trust sales at J.P. Morgan Asset Management

Cut equity exposure

Suite of funds to focus on partners and employees

Outflows also reach 15-week high