Absolute Return adds depth to Gartmore's MM portfolio

Tony Lanning, head of multi-manager at Gartmore, explains the thinking behind the group's MultiManager Absolute Return fund range

The IMA Absolute Return sector may have gone from strength to strength since it was established in April 2008 – over the past year more than doubling in size to some 40 vehicles – but if you prefer your funds to be of the multi-manager variety, your choice is limited. Indeed, your choice barely amounts to a handful. In itself, barely a handful is by no means a bad thing but, in an industry that is more inclined than most towards throwing itself on passing bandwagons, it can prompt questions. For example, why should investors bother with a portfolio of absolute return funds – why not j...