The investment arm of French insurer Groupama, Groupama Asset Management, has updated its soft-closing policy regarding its eurozone small-mid cap equity fund Groupama Avenir Euro.
The firm has decided to limit subscriptions of current investors of the fund by applying a maximum 10% fee for any additional subscription.
Groupama AM had already soft-closed its strategy to new investors with a similar measure earlier this year.
The manager argued the measure aims to preserve the management and the performance of the Groupama Avenir Euro fund.
Groupama AM had €96.8bn of assets under management as at end of December 2016.
Sometimes referred to as the ‘biggest manager you have never heard of’, Jonathan Boyd has caught up with PGIM for insight into its Europe region developments as part of global expansion