London CIV pushes equity fund manager on underperformance

London Collective Investment Vehicle (LCIV) is in talks with the manager of its Paris-aligned equity fund to negotiate a discount on fees after the strategy failed to meet performance targets.

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The Global Alpha Growth Paris Aligned (GAGPA) fund, managed by Baillie Gifford, underperformed its benchmark by 2.68% over the quarter to 31 March 2025

London CIV pushes equity fund manager on underperformance

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