Absolute Return

Since its creation in 2008, the absolute return sector has been a bone of contention for intermediaries.

MAM Funds has renamed Martin Gray and James Sullivan's CF Miton Arcturus fund and is preparing to move it into the IMA's Absolute Return sector.

Ian Heslop, manager of the Old Mutual Global Equity Absolute Return fund, explains why investors in volatile markets should focus on avoiding the lows, even if it means missing the highs.

ABSOLUTE RETURNS

BlackRock's absolute return manager Mark Lyttleton is taking an extended break from the industry for family reasons.

Consumer group Which? has listed absolute return funds and task-based income protection cover among a list of 'financial products to avoid'.

Ben Gutteridge, director, fund research at Brewin Dolphin, urges investors to stick with long/short strategies despite their recent run of disappointing performance.

Kames Capital is to waive the performance fee on its £65m UK Equity Absolute Return fund for the rest of the year, and will cut it in half from 2013 onwards.

Henderson Global Investors has proposed moving Paul Craig's Diversified Absolute Return fund into the newly created IMA Mixed Investment 0-35% shares sector, while bringing in Bill McQuaker as co-manager.

LGIM's Ellis believes adopting European rules will help rectify any ambiguity regarding sector.