Cazenove moves to limit inflows into Dean's UK funds

IFAonline's sister title Investment Week revealed in April that Cazenove, soon to be acquired by Schroders, wanted to limit inflows in the funds. The aim is to ensure inflows do not affect liquidity or impede the performance of the portfolio, which has heavy exposure to small and mid caps. Cazenove said the two funds will remain open and available on current platforms for now, but it will not actively pursue new assets and will discourage new flows from wealth managers with immediate effect. If this does not do enough to stem flows, the firm said it will look to hard-close the stra...