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Gartmore launches UK absolute return fund

Gartmore has added to its absolute return range with the launch of a UK absolute return fund.

The fund will be managed by Ben Wallace using a similar strategy to the AlphaGen octanis fund, which he has managed since inception in March 2005.

The fund will seek to deliver a positive absolute return over the long-term, regardless of market conditions, by taking long and short positions in UK equities.

Gartmore head of UK retail Richard Pursglove: “The current economic climate has reminded investors that diversification is crucial. This fund could form part of any investor’s portfolio because of its low correlation to equity markets, whilst seeking positive returns over the long term.”


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