Cazenove UK Absolute Target Class P1 Acc
HL comment
Our view on this Fund
This is a recently launched fund looking to deliver absolute returns in both rising and falling markets. This requires a particular skill, particularly when markets fall. Tim Russell has been successfully managing another fund along these lines for some time but it was not available to retail investors. Tim Russell is by nature a cautious investor and we have every confidence in his ability to produce excellent long term absolute returns.
12-11-2008
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: Cazenove Capital Management
Our view on this Fund Management Group as a whole
Cazenove was founded in the UK in 1823 with the aim of providing private client advice. It wasn't until World War 2 that they set up their fund management arm which at that time was solely for institutional investors. Currently they specialize in private client advice, fund management and charity assets. In November 2004, Cazenove Group and JPMorgan agreed to combine both their investment banking businesses in order to create a partnership to provide investment banking advice and services to clients in the UK and Ireland. Then in December 2005 Cazenove completed the demerger of its fund management arm (Cazenove Capital Management) thereby creating an independent asset management business with some key individuals at the helm. This has not affected the underlying funds and it is business as usual with the aim of delivering attractive returns to investors.
13-09-2007
HL sector comment: Absolute Return
Our view on this sector
Over the longer term funds in this sector aim to generate a positive return regardless of stock market conditions. A variety of techniques are used including short selling shares. These funds are not guaranteed and can go down in value as well as up. Funds in the sector are all very different from each other so care needs to be taken in fund selection.
20-11-2008