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Old Mutual to launch absolute return fund

Old Mutual Asset Managers has announced plans to launch a UK absolute return fund for Luke Kerr in May.

The Old Mutual Old Mutual UK specialist absolute return fund will be an Irish-domiciled Ucits III portfolio, investing primarily in UK equities
outside the FTSE 100 Index.

The fund will be managed in the same way as the Old Mutual UK specialist equity fund, a Cayman-domiciled long/short hedge fund launched in March
2003, also managed by Kerr.

Offering daily liquidity, Kerr’s approach incorporates top-down macroeconomic research and bottom-up stock selection.

The fund will offer daily liquidity and have reporting fund status. Kerr is a member of Omam’s UK mid & small cap team, which manages over £1
billion in a range of public funds and managed accounts.

In addition to running the Cayman-domiciled Old Mutual UK specialist equity fund, he manages the £109m Irish-domiciled Old Mutual UK dynamic equity
fund, launched in July 2009.

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