Flexibility key to absolute return success

This week's Conjecture debate focuses on absolute returns. Present were Philip Hardy, director of UK...

This week's Conjecture debate focuses on absolute returns. Present were Philip Hardy, director of UK equities at Polar Capital, and Talib Sheikh, portfolio manager of the JP Morgan Cautious Total Return fund. What are the fund management groups trying to achieve with their absolute return products and strategies? How are they differing from each other? PH: The market is moving in the direction of requiring more absolute return-style funds and the focus for us is simply not to lose money. TS: All of us maybe have the same objective but we are approaching it in slightly different wa...