BlackRock launches its long-awaited European Absolute Alpha fund today. The portfolio is run by V...
BlackRock launches its long-awaited European Absolute Alpha fund today. The portfolio is run by Vincent Devlin - manager of Continental European and co-manager of the Greater Europe Investment Trust - and the 14-strong European style diversity team, headed by Nigel Bolton. Holding between 50-100 stocks, the vehicle's mandate mirrors Mark Lyttleton's UK Absolute Alpha fund. The fund, which will sit in the IMA Absolute Return sector, targets a positive absolute return and is not benchmarked against any European equity index. It invests primarily in a portfolio of European equities and e...
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