Threadneedle launches multi-asset absolute return fund for Nangle

Threadneedle has launched a multi-asset absolute return fund for new hire Toby Nangle who joined the group this year from Barings.

Nangle, who joined Threadneedle as head of multi-asset allocation having previously worked at Barings running multi-asset funds, will manage the Threadneedle Multi Asset Target Alpha fund alongside deputy Matthew Cobon. The Luxembourg-domiciled multi-asset vehicle will invest across equities, bonds, currencies, commodities, property and other assets. It is a defensive offering aiming to achieve three month USD LIBOR (currently 0.38%) +5% per annum. This is the first fund where Nangle has been named lead manager since he joined Threadneedle in January. Nangle (pictured), Cobon and t...