Big changes at Close fund

scott mcglashan and michael lindsell

The departure of Scott McGlashan from the management of Close Finsbury's Japanese Equity Fund has he...

The departure of Scott McGlashan from the management of Close Finsbury's Japanese Equity Fund has heralded a radical change in investment style in the £9.2m vehicle. McGlashan, a veteran, has based his retail reputation on brutal honesty on the outlook for markets and taking strong bets on favourite firms. He made the headlines in 1997 while at Perpetual for taking the unusual step of advising investors the Japanese market was not going to go up. Three years later, he sought to capitalise on this after Jade Absolute, a specialist Far East boutique he founded, took over the running of the C...