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IMA makes three proposals for absolute return sector overhaul

The Investment Management Association has outlined three options for the absolute return sector as part of its consultation.

The asset manager trade body is considering redefining and dividing the sector and group the funds alongside traditional asset-based sectors.

One option being explored is to sub-divide the existing absolute return sector indicating which funds are targeting more stable outcomes, based on cash benchmarks. Other funds would remain within the existing umbrella sector.

Another option could see the funds sub-divided by hedge fund-style categories, such as long/short or global macro strategies.

A further option is to keep funds within a single sector and allow it to grow, but rename and redefine and supply additional information allowing division by assets and investment strategy.

Responses to the consultation are sought by July 3, with a decision for the sector’s future by the end of the year.

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