Liontrust European AR vehicle hits market ahead of schedule

Gary West and James Inglis-Jones' vehicle will be launched at the end of June, adopting same strategy used on their offshore hedge fund

Liontrust will be launching its European Absolute Return fund at least two months earlier than expected, now set to go live at the end of June. Managed by Gary West and James Inglis-Jones, the vehicle will adopt the same investment strategy used by the duo in their offshore European Long/Short hedge fund. Subject to FSA approval, the UK-domiciled fund will employ the full Ucits III powers and target average annual returns of 10% to 12% Liontrust European Long/Short buys companies with strong cashflows that are expected to surpass investors' low expectations, while looking to short com...