No surprise at Maia funds closure

Smith, Amanda
July 2009
Money Marketing;7/9/2009, p22
The article reports on the closure of Ignis Maia multi-manager funds in Great Britain. The move was made because the funds are expected to experience difficulties in raising money if the credit crisis set in. According to Chelsea Financial Services director Darius McDermott, the closure was not surprising because Maia Capital and Ignis Asset Management was not able to meet the cost of the business to have a viable operation.


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