Fund rationalisation seen as post-crisis norm
The days when the stigma of failure was attached to product closures are long gone as managers adapt to market realities after the global financial crisis, says Baring Asset Management.
Baring Asset Management’s efforts this year to rationalise its product suite and launch new funds are symptomatic of the times and offer insight into how firms evolve in the post-crisis climate.
The manager, with $11 billion in Asia AUM out of a global $49.4 billion base (excluding a pending acquisition in Korea), earlier this year moved to close an absolute return bond fund and merge it into its multi-asset suite. More recently it closed a US equity fund that was not seeing deman…
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