Robeco Investment Management is cutting off the cash spigot for its hedge-like fund. The firm closed its Robeco Boston Partners Long/Short Equity Fund
(BPLSX) at the close of the market yesterday.
The fund has $231 million of assets, according to Morningstar, which also assigns it a five-star rating.
Fund trustees disclosed that they have "concerns that a significant increase in the size of the fund may adversely affect the implementation of the fund's strategy."
Existing shareholders can continue to contribute to the fund.
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