Sanlam preps US absolute return fund with value approach

Market-neutral product to launch soon

Sanlam UK is set to launch a US absolute return value strategy as the firm prepares its product offering for the end of the economic cycle, Investment Week can reveal.

The Sanlam US Absolute Return fund will be managed by its US equity team under value specialist Adour Sarkissian, who manages Sanlam's US dividend vehicle, and assistant manager Conor Walsh. 'Unfashionable' UK funds lead February performers Expected to be launched by the end of August, subject to regulatory approval, the Dublin-domiciled UCITS fund is likely to charge an AMC of 75bps and already has the backing of "suitable" seed investors, according to group head of distribution Richard Pursglove. The strategy, which has been tested on a paper-based portfolio, will be market neutr...