Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

£570m bond fund hard closes over liquidity fears

£570m bond fund hard closes over liquidity fears

The CG Real Return fund, which has £573 million of assets under management, will hard close next week.

‘The decision to close the fund to further subscription is based on the directors’ view of constrained liquidity in some markets,’ the fund stated.

Managed by former Cazenove partner Peter Spiller (pictured) and Alastair Laing of CG Asset Management, the fund invests in non-gilt index-linked government bonds.

Over the past five years it has returned an annualised 5.1%, compared with 4.1% from the Barclays Capital World excluding UK Inflation Linked Bonds index.

The withdrawal of investment banks from bond trading has prompted many recent warnings about liquidity in fixed income markets, including from the Financial Conduct Authority and Citywire A-rated bond star Paul Read.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter