Page 31 - Absolute Return News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Traditionally, investors have allocated to government bonds to provide portfolio insurance when stockmarkets have tumbled. This has been effective in the past, but with yields depressed to miniscule levels after more than a decade of quantitative easing, their efficacy to reprise this role is much diluted. Absolute return funds, in theory at least, therefore provide one of the few ways in which investors can now build protection into a portfolio. Unfortunately, the performance of the absolute return fund sector as a whole in recent years does not corroborate the theory.  As can be seen in th...

Man GLG adds co-manager on Jack Barrat’s £350m long/short fund James Houlden has been an analyst on the Man GLG Absolute Value fund since launch in June 2017 James Houlden of Man Group PLC, on 04 June, 2018, in London, United Kingdom. Man GLG has added James Houlden as a co-manager on Jack Barrat’s Absolute Value fund. Houlden (pictured) joined the asset manager in 2017, becoming an analyst on the £350m long/short strategy when it launched in June that year. Over the last three years the Absolute Value fund has returned 18.1%, three times higher than the IA Targeted Absolute Return aver...

Man GLG Absolute Value, which has £350m in AUM, seeks to identify companies with assets or returns that are undervalued by the market in long positions, and firms that are overvalued with deteriorating returns and outlook for short positions. The long/short fund aims to prove an absolute return in all market conditions net of fees in excess of 3-Month GBP LIBOR over one-year calendar periods. Man GLG Absolute Value has returned 7.4% and 18.1% over one and three years respectively, according to FE fundinfo, compared to its benchmark's 0.1% and 1.7% over same periods respectively. Barrat said ...

Gars manager resigns from ASI to seek ‘new challenge’ Neil Richardson says it was a ‘privilege’ working on absolute return giant but that he needed a change One of the lead managers on Aberdeen Standard Investments’ Global Absolute Return Strategy has resigned. In a Linkedin post, Neil Richardson said he had decided to step away from the fund group of his own accord, after nearly a decade, and was “looking for a new challenge”. Richardson was one of four portfolio managers on the £3bn Gars fund alongside Katy Forbes, Scott Smith and Thomas Maxwell. In total the Gars team manage...

Lucy Nicholson/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Quant giant AQR has lost more than a third of it assets since the end of 2017. A report prepared by Callan states the firm's AUM dropped from $224 billion to $140 billion. Since last summer though, the firm has seen banner performances from several funds. Quants had a tough 2020, but Cliff Asness' AQR has been struggling longer than that owing to a long drought for its value-focused strategies. But a perso...