Cazenove receives asset boost

Assets at Cazenove Capital Management rose by 27% last year, aided by large inflows to its Absolute UK Dynamic fund in September.

Cazenove Capital Management ran £13.9bn at the end of last year, compared to £10.9bn at the end of 2008. Its acquisition of wealth manager Thornhill Holdings, announced last month and completed this month, will add £650m of private and charity assets to the group's total, it says in its asset update released this morning. Robin Minter-Kemp, managing director of Cazenove Capital Investment Funds, says the launch of the Absolute UK Dynamic fund, under Neil Pegrum and Paul Marriage, bolstered assets, taking in £123m in less than two weeks. Minter-Kemp says: "Our absolute return approa...