Mirabaud to launch absolute return vehicle

Mirabaud is to launch an absolute return fund for Philip Watson. The boutique is to target absolute ...

Mirabaud is to launch an absolute return fund for Philip Watson. The boutique is to target absolute returns of 10% to 12% with the vehicle, to be run as a portfolio of 30-35 UK equity stocks. The fund will also include short-dated gilts and will use high cash weightings during bear markets. It will have a minimum investment limit of £50,000.