£20m First Sentier Diversified Growth fund to close due to insufficient scale

New investment in the £20m fund has been closed since 27 July 2021, as the fund shrunk a third in assets under management from its July 2019 peak of £30m, leaving its continued existence unviable. First Sentier eyes 'remedial action' on poor value funds In November 2020, the Andrew Harman managed offering received an amber rating in the firm's Assessment of Value report, meaning there are "opportunities for improvement". It struggled both with performance, for which it was designated an amber grade, and with economies of scale, for which it was awarded a half-amber, half-red rating. ...