Providers with sub-advised funds explain action on Russia

Kathleen Gallagher
clock • 3 min read

Following the announcement from Quilter Investors last week that it had barred its third-party managers from investing in Russia or Belarus, Investment Week asked other firms that have sub-advised funds about what action they had taken.  Openwork was the most proactive, instructing its third-party managers to remove its direct exposure to Russian and Ukrainian holdings in mid-February. A spokesperson from the Openwork Partnership said: "The core focus was to protect our advisers and their clients and this decision has been very well received." Part of the problem for managers being...

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