Surge of inflows prompts Walker Crips to soft close UK High Alpha

Walker Crips is to soft-close its UK High Alpha fund following a surge of inflows. The fund, run...

Walker Crips is to soft-close its UK High Alpha fund following a surge of inflows. The fund, run by Jan Luthman and Steve Bailey, will be closed on 31 October after assets surpassed the £100m mark last week. It was brought to the market in October 2006 as a concentrated version of its £90m UK Growth fund. At launch, Paul Hyde, head of sales at Walker Crips said the fund would be capped at £100m to protect performance. UK High Alpha has returned -5.3% bid to bid over the past 12 months compared to the UK All Companies sector average of -10.7%, according to Morningstar. This ranks it ...