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Alternative Market Briefing

Absolute Return reaffirmed - UCITS at Cazenove and Insight beat UK equity market

Wednesday, November 19, 2008

From the Opalesque team:

Euro share class now available for Cazenove UK UCITS fund, up 3.9% since July launch The portfolio aims to return 10% p.a. net of fees, the volatility target is two thirds of the FTSE All Share.

Cazenove UK Absolute Target Fund, a UCITS fund, offers daily liquidity/dealing and now a Euro share class, daily hedged. It manages €150m in assets raised since launch (18/07/08). It has an AA rating by Standards & Poor's. The fund has already achieved +3.9% since launch, while the IMA Absolute Return Sector fell -3.4%.

The Cazenove UK Absolute Target Fund (CAT) is a sub-fund of Cazenove Absolute Return Fund Company, a new authorised open-ended investment company (OEIC). The fund uses the wider investment powers permitted under UCITS regulations inclusion of money market instruments. More on the fund: Source

Insight`s UK equity UCITS fund returns -0.1% net, +4.5% YTD London-based Insight Investment reported the latest performance of its UCITS fund, the Absolute Insight UK Equity Market Neutral fund. The fund targets positive, annual returns in all market conditions by deploying a pair strategy designed to isolate Alpha and neutralise market risk. Furthermore, Insight’s AI funds are not reliant on any specific theme.

The Fund returned -0.02% (gross of fees), compared to the 3-month......................

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