Threadneedle readies UK Absolute Alpha fund


Threadneedle is preparing to launch a UK Absolute Alpha fund for Chris Kinder and Mark Westwood, and plans to close its UK Crescendo hedge fund.

The new fund will be structured as Ucits III and will use a similar investment process to the £16m Cayman-domiciled UK Crescendo hedge fund, which will see its assets merged into the new fund. It will launch in the third quarter. This latest portfolio is being launched in response to client demand, the group says. It will sit alongside Threadneedle’s six-strong absolute return range, which includes the American Absolute Alpha, Absolute Return Bond and Target Return funds, and has £1.9bn in assets under management. Westwood says: “This is an exciting time to leverage our expertise i...

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