Boutique multimanager Crosby Forsyth will close seven funds of funds from which investors have requested to pull over 80% in assets, according to a statement published yesterday, which said the withdrawals reflect redemptions across the industry in the face of turbulent markets.

The Forsyth Global Thematic, North America, Global Emerging Markets, Global Balanced, Global Bond, and Greater Europe funds are all set to close, as is the Forsyth Lodsworth Global Emerging Markets Debt fund.