OBSR A rating for Cazenove UK Absolute Target fund

The Cazenove UK Absolute Target fund has received an A rating from OBSR, just over four months since ...

The Cazenove UK Absolute Target fund has received an A rating from OBSR, just over four months since its launch. Managed by head of pan-European equities Tim Russell, the beta-free fund has no correlation to the market and adopts a neutral stance with an equal number of long and short positions. The accolade comes three weeks after the group introduced a European share class to the vehicle. The Ucits fund has performed in line with its annual return target of 10% (net after fees) since launch. It has climbed to second place in the IMA Absolute Return sector in the past month, achieving ...