Liontrust launches European Ab Ret

Liontrust's European Absolute Return fund has now launched, to be co-managed by Gary West and James Inglis-Jones.

The vehicle uses the same investment process, the Cashflow Solution, as the Guernsey-registered Liontrust European Long/Short fund launched for professional investors in December 2006. From launch to 31 May, the European Long/Short fund returned 56% against a loss of 22% by the FTSE All-World Developed Europe Index, according to Financial Express. The Cashflow Solution investment strategy aims to capitalise on forecasting mistakes, particularly profit forecasts made by company managers, as investment decisions taken by company managers to support their forecasts often create un...