Schroders: We will hard-close more UK equity funds

The recently acquired Cazenove business has already moved to limit flows into Julie Dean's UK Opportunities and offshore UK Equity fund as assets in the strategy approached £2.5bn. As IFAonline sister title Investment Week reported last year, Andy Brough's £1.6bn Schroder UK Mid 250 fund is also understood to be approaching capacity. The group is now considering hard-closing more UK equity products following the action it took on Paul Marriage's funds last year. "We manage capacity very carefully: it is part of the quality of our offering and we are very careful in continuing managing...