SLI closes six multi-manager funds

Standard Life Investments (SLI) has closed down six manager of managers funds it had outsourced to Wilshire Associates.

The affects OEICs are:   SLI European Equity Manager of Manager fund SLI Japanese Equity Manager of Manager fund North American Equity Manager of Manager fund SLI Pacific Basin Equity Manager of Manager fund SLI UK Bond Manager of Manager fund SLI UK Equity Manager of Manager fund The portfolios were launched in February 2006 and were managed on an outsourced basis by US firm Wilshire. They will be closing in May. SLI said the decision had been made to close the funds due to a lack of interest from investors. "The Manager of Managers range was designed for invest...