Mandate boost for Close Finsbury

Assets under management in Close Finsbury's North American Equity fund have risen from £3m to almost £20m over the past four months after the mandate was awarded to a new manager. Management of the fund, which has just been assigned a new AA rating by Standard & Poor's, was handed over to US-based firm Vontobel Asset Management on 1 February this year. Alastair Smith, managing director at Close Finsbury, said: 'Since we appointed Vontobel we have been doing a lot of marketing to fund of fund businesses and the vast majority of the new investment which has come into the portfolio since F...