Rossi points to absolute return resurgence

Gartmore CIO says market beta funds have had their time, citing absolute return funds as the way forward

Gartmore CIO Dominic Rossi says the dominance of beta-focused funds is over as investor demand for less volatile investments sees the market trend to absolute returns. The group will be bringing a Ucits III version of Ben Wallace's AlphaGen Octanis hedge fund to the retail market as part of its strategy to meet investor demand. Rossi says "absolute return" is yet to be truly defined for the market, an area of debate Gartmore intends to pursue in coming months, while it increases its range of absolute return funds. He says: "Absolute return is the way forward. We were told back in the ...