Following the completion of the sale of Close Brothers to Oaktree Capital Management, from April 2025, Close Asset Management will become TrinityBridge Fund Management Ltd. The Close fund range will now be re-branded TrinityBridge.
Some addition changes are:
- The word "Discretionary" is being removed from the Close Discretionary Funds as it does not add any value to the investors' understanding of what the fund is and how it is managed, and so it will be removed to avoid any potential confusion.
- The word "Portfolio" is being removed from the Close Diversified Income Portfolio Fund as it is not managed in the same way as the other sub-funds of Close Discretionary Funds with "Portfolio" in their names, and so this is removed to avoid any potential confusion.
- The word "Select" has been removed from the Tactical Passive fund range of the Close Discretionary Funds.
- The words "Managed" and "Tactical" in some of the names of the sub-funds of the Close Discretionary Funds have been re-ordered to reflect the risk profile and then the investment style, rather than the other way around, i.e. "Growth Managed Fund" from "Managed Growth Fund".
Eddy Reynolds, CEO of TrinityBridge, has issued the following comment:
"We're extremely pleased to unveil our new name, TrinityBridge, and I am hugely excited for our future as a standalone business. I would like to thank my colleagues who have worked tirelessly on creating our new name and narrative, one that I believes reflects our business and our philosophy."
If this is something that may interest you, please get in touch.
- uploaded - 12 March 2025