Partner Absolute Return fund drawing in £1m a week

David Crawford is strengthening his fund's position by utilising an absolute returns strategy and changing short positions to long across the vehicle

Octopus is attracting £1m a week as it switches its short positions into long on its £75m Partner Absolute Return fund. Manager David Crawford says current markets will continue to show little value for another 12 months, adding he is in a stronger position by utilising the absolute return strategy. He will be seeking out opportunities in special situations and smaller firms to deliver returns. Octopus Partner Absolute Return has seen a positive performance of 56.6% over the past year to 18 May, according to Morningstar, dwarfing the IMA Absolute Return sector average of 4.9% over the...