Close Fund Management closes its commodity-linked product

News

Close Fund Management, the investment management arm of City of London-based merchant bank Close Brothers, has closed its recent commodity-linked structured product, with more than £35 million invested.

Marc Gordon, managing director of Close Fund Management, says the product was bought mainly by professional fund managers such as discretionary portfolio managers, but that there was also interest from individual investors. “A number of clients approached us asking about defined risk and defin

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