The TCW Group is seeking to close its $1 billion small cap growth fund to new investors. The asset manager’s TCW Small Cap Growth Fund will close from April 30, 2011. The closure is intended to limit the fund’s size to continue to be managed effectively for existing shareholders. It applies to new investors that purchase the fund directly or through financial advisors, while existing shareholders can continue to purchase new shares of the fund.
Click here for the release from Market Wire.