Cazenove Reopens Year-Old U.K. Absolute Fund

Jan 5 2011 | 11:25am ET

Investors eager to put their money in the hands of Cazenove Capital Management’s Paul Marriage have that opportunity once again.

The London-based hedge fund firm reopened Marriage’s Absolute U.K. Dynamic Fund to new subscriptions. The fund has once been open to new investors for about a week of its 15-month life, closing after it raised £123 million in September 2009.

The move to reopen the fund comes after its rebound from early performance struggles and the hiring of a new member of Cazenove’s U.K. equity team, John Warren. The fund will close again after raising another £60 million.

“We firmly believe the Cazenove Absolute U.K. Dynamic Fund is back on track to achieve the target of the fund in delivering 10% plus per annum, over the market term, from a fairly concentrated small- and mid-cap portfolio with less volatility that the U.K. stock market,” Marriage told the Financial Times.


In Depth

Q&A: SkyBridge’s Anthony Scaramucci Readies For Wall Street Week Debut

Apr 16 2015 | 12:56pm ET

Anthony Scaramucci, founder and managing director of asset management firm SkyBridge...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note