Ucits III powers prove instrumental to BlackRock's Euro Absolute Alpha's successful launch strategy

VINCENT DEVLIN

Manager Vincent Devlin explains how his fund has made steady progress since launching 12 months ago, attracting E80m from investors

BlackRock European Absolute Alpha’s fund manager Vincent Devlin predicts 2010 will be a better year for his investment approach than 2009. Interviewed by Asset.tv a year after his fund initially launched, he looks back on the first 12 months’ performance and discusses why he likes the technology sector and why rising commodity prices are giving him plenty of scope to short stocks. What have the fund’s first 12 months been like? It has been a very successful launch and we have actually raised e80m for the strategy. We have seen a very gentle inflow throughout the whole year. People ha...