Absolute Return

Consumer group Which? has listed absolute return funds and task-based income protection cover among a list of 'financial products to avoid'.

Ben Gutteridge, director, fund research at Brewin Dolphin, urges investors to stick with long/short strategies despite their recent run of disappointing performance.

Kames Capital is to waive the performance fee on its £65m UK Equity Absolute Return fund for the rest of the year, and will cut it in half from 2013 onwards.

Henderson Global Investors has proposed moving Paul Craig's Diversified Absolute Return fund into the newly created IMA Mixed Investment 0-35% shares sector, while bringing in Bill McQuaker as co-manager.

LGIM's Ellis believes adopting European rules will help rectify any ambiguity regarding sector.

Standard Life Investments' £8.7bn Global Absolute Return Strategies fund took profits in one of its major trades amid elevated market volatility over the summer.

Jupiter is to rename its Jupiter European Absolute Return fund as it merges with the Jupiter Europa hedge fund.

Thames River is to close its Absolute Return fund, managed by Ken Kinsey-Quick and James Rous, because of a lack of interest.

Philip Gibbs effectively sold out of his gold positions within the Jupiter Absolute Return fund in September, a month which saw the precious metal lose 15% of its value.

Henderson is to soft-close Ben Wallace and Luke Newman's Henderson UK Absolute Return OEIC and Henderson Gartmore UK Absolute Return SICAV.