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Martin Currie, the 'Big Boutique' investment manager based in Edinburgh, Scotland, has announced improvements to its 10-strong Absolute Return Funds range. The changes will take effect from 2 March 2009.

The initial minimum investment on all funds will reduce from US$1 million to US$250,000

The redemption notice period will reduce from 90 to 30 days on the ‘Global Energy’ and ‘Global Financials’ funds. The same redemption period will apply to the UK fund which is renamed the ‘Equity Market Neutral’ Fund.

A sterling share class on which UK ‘distributor status’ will be sought will also be introduced for the Equity Market Neutral and Global Resources funds. Both these share classes will be listed on the Irish Stock Exchange on 3 March 2009.

Toby Hogbin, Head of Product Development at Martin Currie, said: "There's been a trend in recent months for many absolute return funds to impose redemption restrictions on investors. Our capacity and liquidity framework has allowed us to maintain our terms for our clients through this 'crisis' and also given us the ability to enhance liquidity terms for three of our funds by reducing notice periods for redemptions. We believe this and the other improvements reflect the current needs of investors and open up new avenues of interest in the sector".

It was reported earlier this month that the firm had signed up to the Hedge Fund Standards Board. And CEO Willie Watt ......................

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