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Threadneedle Floats U.S. Contrarian EQ Fund

Threadneedle has rolled out a Sicav version of the $1.5 billion U.S. Contrarian Core fund managed by Columbia Management.

    Threadneedlehas rolled out a Sicav version of the $1.5 billion U.S. Contrarian Core fund managed byColumbia Management,Investment Weekreports.Guy Pope, senior portfolio manager at the U.S. asset manager Columbia, will run the newThreadneedle U.S. Contrarian Core Equitiesfund.Harvey Liuwill be co-manager.

    The fund is awaiting approval from theFinancial Services Authority(FSA) for sale in the U.K. Columbia Management and Threadneedle are subsidiaries of U.S. firmAmeriprise Financial. The fund will invest in large-cap U.S. stocks which are in the bottom third of their 52-week price range.

    Click here for the story fromInvestment Week.

    Click here for additional coverage fromCitywire.

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