J.P. Morgan Asset Management has decided to liquidate its £54m multi-manager Fusion Funds range after failing to build market share.
The fund range was launched on March 2013 and managed by Tony Lanning (pictured) and Nick Roberts. The liquidation of the funds will take place on 18 January 2016, after the firm decided there are limited prospects to build market share in the retail multi-manager space. The group stressed the decision was made not due to performance, as all five funds have made strong returns since inception. JPMAM's Berens: Everyone is still working out their value in the chain The largest fund in the range, £23m JPM Fusion Balanced fund, has returned 3.1% over the year to 20 November versus...
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