Danish AM ditches fund with domestic equities

Asset manager C Worldwide acknowledges it hasn't delivered, when it comes to selling its Danish equity strategy, so it's shutting down the unit.

Photo: C Worldwide/PR

In March, the asset manager C Worldwide shut down the firm's Danish equities fund and merged it with the C WorldWide Global Equities unit, according to the business daily Børsen.

This is due to poor performance, and we were starting to lose clients, explains Chief Operating Officer at C WorldWide Tim Kristiansen:

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