Paul Burgin examines the Absolute Return sector, the second best-selling retail class of 2009. Managers are betting both ways on recovery as they wait for government action on interest rates, economic stimulus and sovereign debt.
Philip Gibbs' new Jupiter Absolute Return vehicle has become the most successful launch of 2009, taking in more than £244m in its fund raising period.
BlackRock fund guru Mark Lyttleton says he will never tire of being told "well done" by investors.
Blacksquare Capital is launching a multi-asset fund of absolute return funds in January.
Hugh Hendry's Eclectica will launch its new absolute return fund on 31 December.
Cazenove is set to launch its second absolute return vehicle for retail investors to be run by hedge fund specialists Neil Pegrum and Paul Marriage.
Old Mutual Asset Managers is launching a UK Dynamic Equity and Global Equity Absolute Return portfolio.