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Cazenove seeks to limit inflows into Dean’s funds

Dean Julie Cazenove
Cazenove’s Julie Dean

Cazenove is looking to stem flows into Julie Dean’s UK Opportunities and UK Equity fund as assets approach £2.5bn.

The funds will remain open and available on current platforms for the time being but Cazenove is not seeking to grow their assets and will discourage new business from wealth managers.

The asset manager says: “We monitor capacity within all our funds to ensure inflows do not impede future investment returns in relation to fund objectives and market liquidity.

“We will not actively pursue new assets for the funds and will discourage new inflows from discretionary managers with immediate effect.”

The Cazenove UK Opportunities fund and Cazenove UK Equity funds are both ranked first quartile over one, three and five years to 23 May 2013.

Dean joined Cazenove in 2002 and is a member of the Pan-European equity team and joined Cazenove in 2002 and is a member of the Pan-European equity team.

Earlier this month Cazenove shareholders approved a deal for the firm to be acquired by Schroders for £424m.


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