BMO GAM set to close absolute return fund as assets plummet
'No longer commercially viable'
The fund was £612.4m in size a year ago
BMO Global Asset Management (BMO GAM) has confirmed it is closing the BMO Global Equity Market Neutral fund following redemptions after a period of underperformance.
In a statement, BMO GAM said: "We have been in active communication with investors in the fund following the recent redemptions we have seen. "While the fund remains able to meet its liquidity obligations,...
More on Absolute Return
Back to Top
