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Somerset in advanced talks to transfer top performing funds after SJP withdrawal sends assets tumbling

Wealth Management Correspondent

Somerset Capital Management, the emerging markets boutique co-founded by Sir Jacob Rees-Mogg, is to wind down after suffering large redemptions.

The firm said it is in advanced talks with its authorised corporate director to transfer its top-performing funds to a new investment adviser.

Jacob Rees-Mogg’s Somerset Capital Management to close

Kristen McGachey

St James's Place

Investing

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