Threadneedle plans to close Crescendo long/short range

Threadneedle has plans to soft close its Crescendo European long/short portfolio run by Darrell O'Dea by the end of March.

The fund, as of the beginning of March, had some $400m in assets. The closure to new investors will only last six months initially. After that time the group may look to reopen it for investors. Threadneedle has not made any capacity agreements and there is no hard close figure targeted for the portfolio.

The group is also expected to soft close the Crescendo UK portfolio

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