Absolute return bond fund from Collins Stewart

Collins Stewart is to launch an absolute return bond fund on 29 October run by chief investment offi...

Collins Stewart is to launch an absolute return bond fund on 29 October run by chief investment officer Jim Goodey. The co-manager on the portfolio will be Mark Depres and the vehicle, first reported in Investment Week, is structured as a Dublin-based Ucits III product. The Collins Stewart Total Return Bond fund will principally invest in G10 government issues, with all issues rated A or above. The fund aims to return three-month sterling Libor plus 2% after all fees and expenses. If this is achieved, on a rolling one-year basis, a performance fee of 20% of the excess return will apply. ...