Fund launches & closures

Threadneedle European Crescendo shuts in place of new Irish vehicle

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Threadneedle has launched an Irish-domiciled replacement for the Threadneedle European Crescendo Fund, with the latter set to shut this month. The Threadneedle Apex European Fund has been launched to provide investors with greater flexibility, according to the firm.

Apex European will be run by Paul Doyle, the manager of the Cayman-domiciled European Crescendo. Doyle will continue to use the strategy employed by his offshore fund over the past decade. The firm has seen strong support from existing investors to move to the new fund structure, resulting in the closure of the Cayman fund.

As previously announced, the firm is taking