BMO GAM set to close absolute return fund as assets plummet

‘No longer commercially viable’

clock • 1 min read

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, we believe it is no longer commercially viable and, acting in the best interest of investors, are in the process of preparing an application to the Financial Conduct Authority to close the fund." In February, Investment Week reported that funds in the UT Targeted Absolute Return sector had shed £14.7bn in assets under management over the 12 months to 28 January 2020. Targeted AR ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Robeco issues investment advice scam warning as fraudsters pose as employees

Robeco issues investment advice scam warning as fraudsters pose as employees

Name and logo used in fraudulent activities

Jenna Brown
clock 02 September 2025 • 1 min read
Laith Khalaf: Trump makes (some) active funds great again

Laith Khalaf: Trump makes (some) active funds great again

42% of active managers have outperformed a passive alternative so far in 2025

Laith Khalaf
clock 02 September 2025 • 3 min read
Aberdeen partners with Titanbay to deepen private markets presence

Aberdeen partners with Titanbay to deepen private markets presence

Firms said the partnership will solve operational delays

Cristian Angeloni
clock 01 September 2025 • 2 min read