Pioneer launches UK share class for absolute return fund

Offshore strategy brought to UK

Pioneer Investments has launched a UK share class for its €292m Absolute Return Multi-Strategy fund.

Launched in 2008, the existing Luxembourg-domiciled strategy is managed by head of multi-strategy portfolios Davide Cataldo; the new RDR-compliant share class was launched on 18 August. David Hanratty, head of UK & Ireland distribution, said the UK share class has been launched in response to demand for outcome-oriented products in the UK multi-asset sector. Pioneer launches short-term EMD fund "This is an area in which we have a large experienced team, a long successful track record and significant assets under management," he said. "In today's investment environment an allocati...