Multi-asset

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

Ahead of OPEC meeting next week

Failed to build market share

Shifts in currency and equity positions

Seeded with £250m