Pegrum and Marriage to run new Cazenove absolute return fund

Cazenove is set to launch its second absolute return vehicle for retail investors to be run by hedge...

Cazenove is set to launch its second absolute return vehicle for retail investors to be run by hedge fund specialists Neil Pegrum and Paul Marriage. The Cazenove Absolute UK Dynamic fund will target annual returns of over 10% on a medium-term basis and will adopt a similar strategy to Pegrum's hedge fund, which he has managed since launch in May 2005. Since launch the hedge fund, which Marriage assists on, has achieved an annualised 15.97% net return against the FTSE All-Share Index annualised return of 1.12%. Taking an unconstrained approach, the new fund will focus on UK mid- and sm...