View more on these topics

Octopus to focus on healthcare and technology

Octopus Investments has launched a European Absolute Return fund, managed by Thierry Serero, an ex-New Star and Fidelity manager.

Serero says healthcare, consumer, industrials and technology will be key stockpicking areas for the fund, with Britain, France, Germany and Switzerland featuring strongly. He sees particular opportunities in the online gaming industry, with government reviews of prohibition policies across Europe creating a trigger for change.

The fund targets a return of 12-15 per cent per year with a volatility of 10-12 per cent and will have a lower risk and targeted return than Octopus’s existing UK Absolute Return fund. Serero says the volatility in Europe provides an ideal backdrop for the fund. However he stresses it will focus on stock specific ideas with a special situations bias.

He says: “The shorts are not there to hedge market risk, but to generate alpha in the same way as the long side of the book so in general there is a good balance of both.”

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