The following five funds do something different in their goal of generating absolute returns, from currency and rates hedging, to equity long short, fixed income arbitrage, global macro and managed futures.
Combining elements of all of these into an absolute return allocation can help to deliver an uncorrelated return path to equities or traditional fixed income, which is all the more important now valuations have become somewhat stretched in some of these asset classes.
Find out the five absolute return funds delivering for investors, according to Charles Hepworth, investment director at GAM.