BMO GAM set to close absolute return fund as assets plummet

‘No longer commercially viable’

BMO Global Equity Market Neutral fund to close
BMO Global Equity Market Neutral fund to close
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BMO Global Asset Management (BMO GAM) has confirmed it is closing the BMO Global Equity Market Neutral fund following redemptions after a period of underperformance.

In a statement, BMO GAM said: "We have been in active communication with investors in the fund following the recent redemptions we have seen. "While the fund remains able to meet its liquidity obligations,...

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