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 by...

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 market in October 2006 as a concentrated version of its £90m UK Growth fund. 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 50th out of 320 funds. Sitting in the same sector, UK Growth fund has returned -6.4%. Hyde said: "All existing invest...