Gam freezes absolute return bond fund
Gam Investments has halted new money coming into and out of its unconstrained absolute return bond funds (ARBF) following manager Tim Haywood’s suspension.
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Gam Investments has halted new money coming into and out of its unconstrained absolute return bond funds (ARBF) following manager Tim Haywood’s suspension.
Swiss asset manager reportedly concerned that Tim Haywood may have made large investments in illiquid debt securities without the required due diligence and risk control reports.
European fund selectors have been overwhelmingly bullish on absolute return strategy funds as a response to market volatility – but they could have made more returns if they took the risky option of US equities.
Wells Fargo Asset Management has launched a Ucits-compliant global equity absolute return fund.
The depreciation of the US dollar led to European investors lagging behind their US and Latin American counterparts in terms of performance in 2017 despite making the right call about being overweight European equities, according to Natixis Investment Managers. Click through the gallery to find out what asset allocation looked like for European, US, and…
Nasdaq’s Scandinavian fund platform, Nordic Fund Market, has signed a distribution agreement with UK fund manager Kames Capital to offer its range of 11 Dublin-registered funds.
Across Europe absolute return strategies are the asset class most fund selectors wanted to buy even before the recent rise in volatility in bond and equity markets, although the Dutch are not particularly keen on the strategy.
What do Europeans think of absolute return strategies?
Demand for European equities is the lowest from Nordic fund selectors as they turn their interest towards Asia and emerging markets, according to Expert Investor.
JP Morgan Asset Management (JPM AM) will launch its first two European ETFs “imminently”. Both ETFs will be actively managed, and will compete with traditional hedge funds, the company said.
Long/short equity funds have started to recover from a disastrous 2016, leading to a pick-up in inflows. But managers still have work to do to regain the confidence of sceptical investors.
Candriam has expanded its fixed income range with the launch of an absolute return defensive bond fund. The fund has a more ambitious performance target than most of its peers.