Sudden fund closure takes majority investor adviser by surprise
Marlborough BDM did not know
The Marlborough Commodity fund has closed to new investors, leaving one adviser and his firm – who are the biggest investors in the fund – taken by surprise.
The fund is a small unit trust that invests in Exchange Traded Funds (ETFs). It had £9.53m funds under management (FUM) as of the end of September, according to Trustnet. The fund will be suspended...
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