One to Watch: An uncorrelated, long/short outperformer

An uncorrelated, long/short outperformer

FE Trustnet's Joshua Ausden scours the marketplace for the best hidden gem or smaller funds for your portfolios.

Absolute return managers are typically bought for their defensive characteristics, but not all are running low-risk products. FE Alpha Manager Barry Norris (pictured), managing the FP Argonaut Absolute Return fund, is a case in point; he aims to provide a positive return over a rolling three-year period, but is not afraid to suffer short-term falls if it means delivering overall value to investors.   Norris and co-manager Greg Bennett take both long and short positions across a number of different asset classes, aiming to deliver uncorrelated returns to equities and bonds. The fund is co...