View more on these topics

Apollo and JPM mulling absolute return fund launches

Apollo and JP Morgan are mulling fund launches in the absolute return sector.

Apollo does not currently offer an absolute return and JP Morgan has one such fund.

Apollo partner Tom McGrath says: “Absolute return funds are a bit lower risk than our cautious and balanced funds.” However, he intends to wait for the IMA’s overhaul of the sector definitions before launching a fund.

McGrath says: “The absolute return sector as it stands is too broad. It needs a revamp and we are not going to rush into a sector that will be reconfigured at some stage.”

JP Morgan head of UK retail sales Jasper Berens (pictured) says: “The launch of more absolute return funds is something we are looking at. Absolute return does what it says on the tin.”

Quainton Hills Financial Planning director Gordon Bowden says: “There will be more absolute return launches but I do not recommend these funds as the mandate is too loose.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm