Cawker unconvinced of AR sector value

Absolute UK Equity Market Neutral head is one of many AR managers who remain wary of the newly established sector's integrity and future

A year after absolute return funds were granted their own IMA sector, the manager of Insight's Absolute UK Equity Market Neutral fund is still wary of its value. Andrew Cawker, who runs the £120m portfolio alongside Richard Howarth and Iain Brown, is one of many managers who greeted the sector with a lukewarm reception. While he says the creation of the sector drew attention to these - and other - long/short strategies, there are too many variances within it to compare like with like. "As such, I am not sure how the sector will pan out. Some have done well and others poorly, but we ho...