Absolute Return

Cazenove has criticised the IMA for not bringing "vital clarity" for investors after the trade body decided against making changes to its Absolute Return sector for at least another 12 months.

The financial markets in May provided a reminder macro events, economic data and political decisions continue to create a recipe for market volatility.

Ignis is eyeing the launch of its first internal retail fund since 2007 with an absolute return bond mandate for its rates team.

Ignis is eyeing the launch of its first internal retail fund since 2007 with an absolute return bond mandate for its rates team.

Cazenove's head of multi-manager Marcus Brookes has increased the cash weighting in his £467m Multi-Manager Diversity fund of funds, and bolstered its exposure to managers uncorrelated to mainstream markets.

Pressure is mounting on absolute return managers to deliver what they promised investors - returns in all market conditions - as funds posted losses in the past year.

Threadneedle absolute return and currency managers Peter Allwright and Stuart Frost are to join RWC as the firm continues its recruitment drive.

Barclays Capital's Research Analysis Driven Absolute Return (RADAR) fund has introduced an exposure to US equities, reflecting the group's bullish view on the market.

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Paul Marriage's Cazenove Absolute UK Dynamic fund saw performance hit last month when his hedge fund was met with heavy redemptions. Both the retail fund and the hedge fund hold many of the same positions.