Liontrust has effectively closed Jermey Lang's First Growth portfolio to new business as it believes...
Liontrust has effectively closed Jermey Lang's First Growth portfolio to new business as it believes the fund has reached full capacity. The group will no longer market the fund via discounts on its charges and has ceased pitching for institutional mandates to be managed by Lang. Jonathan Harbottle, marketing director of Liontrust, said the group is not looking to raise the initial charge on the unit trust to deter new entrants but is keen to protect existing client's interests. 'It has effectively been taken off sale,' Harbottle said. 'We have reached full capacity in Lang's equity...
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