Close Bank adds six multi-manager funds to platform

Close Private Bank will roll out a new multi-manager fund to the whole of the market later this month. Rex Cowley, director of products and services at Close, said the funds, which will be marketed as Close Discretionary Strategies, were launched internally on the back of its more conservatively-managed portfolio, the All Weather fund. Cowley said: "The six funds we have introduced onto our fund platform are multi-asset, multi-style and multi-manager based funds. "The All Weather fund is a neutral asset allocation model, whereas these funds are slightly different because they are looki...