Absolute return funds post double-digit losses in Q1 while small-cap and tech mandates leap ahead

City Financial fund named the worst

Beth Brearley
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City Financial's AUM at 28 February stood at £146.28m
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City Financial's AUM at 28 February stood at £146.28m

The recently suspended City Financial Absolute Equity fund was by the far the worst-performing fund in the first quarter of this year, FE data shows, alongside a number of other absolute return mandates.

City Financial announced the temporary suspension of its fund - for which it is authorised corporate director - on 6 March, saying it was "in the best interests of investors". The move followed embattled...

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