Blacksquare unveils MM absolute return fund

Blacksquare Capital is launching a fund of absolute return funds in the New Year.

IFSL Blacksquare Multi-Manager Absolute Return will comprise of about 15 vehicles and seeks to deliver positive returns uncorrelated to equity or bond markets. Managed by Richard Sherwin, the Ucits III portfolio provides exposure to multiple asset classes - such as equities, bonds, currencies and commodities. "The time is ripe to launch a Ucits compliant multi-manager absolute return fund, owing to a growing need to provide investors with diversification within the absolute return sector and perform due diligence on the wide range of new funds entering the market," Blacksquare Capital...