Absolute Return

The IMA expects to announce the results of its Absolute Return sector review by the end of February.

The Investment Management Association (IMA) has criticised FSA proposals aiming to clarify the definition of absolute return funds, warning it risks putting UK-authorised funds at a disadvantage.

Today's censure of Capita Financial Managers (CFM) by the FSA is a damning indictment of the firm's failings - and a vindication of advisers' pleas.

Kames Capital's David Griffiths and David Pringle have removed their short position in UK food retail on the UK Equity Absolute Return fund, as the prospects for supermarkets like Tesco look more positive.

ABSOLUTE RETURNS

ONE TO WATCH

ABSOLUTE RETURNS

Financial planner Informed Choice has criticising the bulk of absolute return funds for charging unjustifiably high fees and lacking consistency of returns.

Simon Ellis, managing director of Legal & General Investments, outlines his views on the future of categorising absolute return funds.

CONTRARIAN