View more on these topics

Cazenove adding to absolute fund range

Cazenove is planning to build on its UK absolute target fund with the launch of an absolute UK dynamic fund.

The fund, which is subject to FSA approval, will launch on September 7 and will target a return of 10 per cent plus over the medium term. It will be managed by Neil Pegrum and Paul Marriage and will focus on small and mid-cap companies. The product will adopt an unconstrained approach by holding 30 to 50 UK stocks in both long and short positions.

Absolute UK dynamic will adopt a similar approach to Pegrum’s existing hedge fund, which was launched in May 2005. Synthetic shorting on the fund will be through contracts for difference.

Cazenove expects the fund’s long positions to be similar to the hedge fund as well as the group’s UK dynamic fund, a sub-fund of the Oeic, which Pegrum launched in 2004.

Pegrum says: “Following the launch of my hedge fund which has exceeded our initial expectations, I am excited to be launching this new Ucits fund. Paul and I believe that our approach and experience are well suited to providing investors with attractive returns, with a relatively low level of volatility.”

Recommended

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com