Kames launches new AR fund as Snowden original nears capacity

Anna Fedorova
clock

Kames Capital is to launch a Global Absolute Return Bond fund for John McNeill, Sandra Holdsworth and Nick Chatters as its original offering faces capacity constraints.

Kames' existing Absolute Return Bond fund, managed by Stephen Snowden and Colin Finlayson, is facing capacity constraints after assets swelled from £145m in October 2013 to £1.2bn as of last month. The new Kames Absolute Return Global Bond fund is expected to launch in Q2. It will target an annual return of three month LIBOR plus 2.5% after fees, while aiming to remain uncorrelated to the underlying market. David Roberts (pictured), head of fixed income, said: "Although optimum fund size is difficult to identify definitively, we believe that if the [original] fund significantly exceed...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

CG Asset Management to launch index-linked bond fund
UK

CG Asset Management to launch index-linked bond fund

Irish domiciled UCITs fund

clock 01 November 2023 • 1 min read
UK dividends fall in Q3 as 2023 outlook downgraded
UK

UK dividends fall in Q3 as 2023 outlook downgraded

Computershare UK dividend monitor

clock 26 October 2023 • 2 min read
T. Rowe Price's Ritu Vohora: Rethinking fixed income
UK

T. Rowe Price's Ritu Vohora: Rethinking fixed income

Beware, inversion ahead

Ritu Vohora
clock 05 October 2023 • 4 min read
Trustpilot