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Aviva plays it safe with absolute alpha fund

Aviva Investors is planning to offer a UK absolute alpha fund. this week revealed that the fund is in the final design stages.

Managing director of retail investments John Clougherty says the group sees a gap in the current absolute return market, with any potential launch likely to be a “plain vanilla” offering.

He says: “What we are keen to have is something that does not have a black box approach as this is exactly what investors do not want at this time. Any launch is likely to sit at the safer end of the absolute return market.”

Money Marketing understands that Old Mutual Asset Management is also looking to launch an absolute return fund.

Hargreaves Lansdown senior analyst Meera Patel says: “I am not surprised that we are seeing more absolute return launches, particularly from groups such as OMAM, who have a strong hedge fund team.”


‘Rift’ at Cobalt

A Cobalt Capital director has admitted a rift in the senior management and has called for directors to pull together. Director Julian Ingalls would not comment on immediate concerns over the brokerage but says: “Senior management and partners have not seen eye to eye and have disagreed about several things. People need to pull together in situations like this.”

European champion

Trying to forecast what each individual region might return over the next year, or years into the future, seems largely futile to me. There are so many variables which are impossible to predict.

‘Don’t shoot offshore golden goose’

Worldwide Financial Planning IFA Nick McBreen is warning that the current probe of offshore tax havens could catch legitimate investors in the crossfire.

Large-cap growth alpha thesis: seeking risk-adjusted excess returns

Content supplied by Loomis, Sayles & Company — an affiliate of Natixis Global Asset Management For mutual fund investors and managers of large pensions or endowments, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision […]


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