This leaves the pair running just their onshore range, having closed its only other remaining offshore fund, their £2.2m Global Boutiques Fund, in July this year.
They will continue to run the onshore range of Global Boutiques, Equity Managed, Balanced Managed, Cautious Managed and Distribution funds.
The final net asset value calculation will be made on the fund’s final day, as at 21 December, 2011, with investors wanting their returns as cash to be paid within five days. Launched in June 2008, its current asset value is around £3m.
In its formal announcement, the company said the decision has been made “because the fund has remained small in size and consequently the fund’s expenses have a greater effect on returns to shareholders than is desirable.”
The fund is already closed to new subscriptions although will remain open for redemptions.
