Five Oceans Asset Management, the global equities arm of Fidante Partners, is set to cease operations in July 2014 after more than eight years in business.
Fidante has written to clients notifying them that the business will be shut down as it has not achieved its desired scale.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Five Oceans World Fund will now be run by London-based River and Mercantile Asset Management, effective 16 July 2014.
Benchmarked against the MSCI All Countries World Index, the fund will have Five Oceans as an absolute return manager, while River and Mercantile as a long only manager.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
