S&W and Resolution plan absolute return offerings

Smith & Williamson and Resolution Argonaut and are the latest groups to line up absolute return fund...

Smith & Williamson and Resolution Argonaut and are the latest groups to line up absolute return funds as these vehicles continue to dominate industry inflows. S&W is planning to bring a Ucits III version of its long/short Enterprise hedge fund to the retail market, while Argonaut will offer a European absolute alpha vehicle. The UK equity-focused Enterprise is domiciled in the Cayman Islands and can only be accessed by sophisticated investors or private clients with a minimum of $100,000. The group is hoping to offer a close mirror of Enterprise, although without the gearing, which is...