Friday, 22 August 2014
Last updated 2 hours ago
Nov 2 2010 | 2:41am ET
Cazenove Capital Management will reopen its Absolute U.K. Dynamic funds at the end of the year, more than a year after shutting the funds to new investment.
The listed vehicles—a hedge fund and a UCITS III-compliant fund—currently manage £146 million between them, thanks to strong performance since the April exit of manager Neil Pegrum. The two funds suffered a combined £181 million in outflows after Pegrum's departure.
Now, Cazenove will welcome £60 million in new money through share sales beginning on Dec. 28.
"We feel now is the right time to re-open the fund as the team is embedded, the portfolio is working well and liquidity has improved," Robin Minter-Kemp, managing director of investment funds, said. "The team believes it is back on track to achieve the objective of the fund in delivering 10%-plus per annum over the medium term."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note