Russell Investments is seeking to roll out a new multi-manager fund for Scott Crawshaw, Financial Times reports. The plan for the new vehicle comes after the U.S. group is set to soft-close its $4.5 billion Emerging Market Equity fund.
The existing fund is 22.5% managed by Harding Loevner, 15% by AllianceBernstein, 12% by UBS Global Asset Management, 17.5% by Genesis, 17.5% by Arrowstreet and the remaining7.5% by Victoria and Somerset Capital Management. The soft-closure is aimed at preserving the performance of the existing fund.
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