Potter and Burdett's Global Boutiques fund to close

The group said the fund run by Rob Burdett and Gary Potter (pictured) has been unable to build a substantial asset base three years on from launch. "The directors of the company have concluded it is in the best interests of the fund and its shareholders that the fund be closed," the group said. "This decision has been made because the fund has remained small in size and consequently its expenses have a greater effect on returns to shareholders than is desirable. "After three years of operation and no evidence of any substantial new subscriptions on the horizon, we feel that this is...