Louis Tambe: Two absolute return funds that have held up well during the Covid-19 crisis
Market volatility and dominance of US large caps provides difficult backdrop for IA Targeted Absolute Return sector
Market volatility and dominance of US large caps provides difficult backdrop for IA Targeted Absolute Return sector
Invesco Global Targeted Returns was pummelled by £2bn of net outflows in H1
One and 20 fees for clean retail share class ‘doesn’t look particularly cheap’
Fund performance faltered as Covid-19 sell-off coincided with poor health of the manager
Only eight funds in the sector achieved a positive return during the worst period of the sell-off
Argonaut and Lindsell Train among small crop delivering positive returns
Beleaguered fund loses investors 14% year-to-date as bets on Tesla and Scottish Mortgage backfire
1825 also drops fund manager who has been handed the Woodford Income Focus mandate
CIO accepts 27% losses have been ‘challenging’ for investors in the strategy
James Clunie and Crispin Odey were already underperforming before the stock tripled
Odey European back in negative territory after bumper 2018
FCA assessments set to be particularly brutal for absolute return funds