Cazenove offering seeks capital perservation

Based on hedge fund principles, Multi-Manager Diversity fund sees absolute returns by diversifying across assets

Having constructed private client portfolios investing in alternatives since arriving at Cazenove five years ago, Mark Harries and co-manager Simon Wood revamped the firm's Universal Balanced fund last year to incorporate such assets. Basing the re-named Multi-Manager Diversity portfolio on principals that are applied in the hedge fund world, the managers seek to generate an absolute return by investing equally in equities, bonds and alternatives. With the latter portion made up of property, commodities and funds of hedge funds, Harries said capital preservation is aided by the low correl...