Cazenove unveils absolute return range

Cazenove has unveiled its absolute return fund range to be managed by Tim Russell and Chris Rice. ...

Cazenove has unveiled its absolute return fund range to be managed by Tim Russell and Chris Rice. The group is aiming to launch the UK Absolute Target fund and European Target fund by late June or early July. As Investment Week first reported in October last year, the funds will be open-ended replicas of hedge fund portfolios run by Russell and Rice, targeting a return of 10% per annum after fees. The funds will have both retail and institutional share classes.