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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...