Keeping the dream alive

The merry-go-round of launching and retiring funds is one that the international adviser industry has become increasingly accustomed to over the years. It is one of the most straightforward ways of ditching those pesky bad track records that can dog even the most well-respected of investment houses. As often as not funds are closed (or merged - the effect is the same) for genuine reasons: they are too small to be either profitable, which typically means that they will not offer great returns as the fixed costs of running a fund swallow up performance - Forsyth's Global Technology Fund is ...