Targeted Absolute Return: Fighting the prejudices

Investors often tend to look at the IMA Targeted Absolute Return sector with suspicion and curiosity. The constituent funds and their managers frequently make the headlines, such as founding manager Euan Munro’s widely covered departure from Standard Life’s Global Absolute Return Strategies (GARS) fund. Also, the variety and complexity of investment strategies used – from long-short equity to global macro and market neutral – may bewilder the average investor. Financial myth-busting To combat a commonly-held assumption that the best managers prefer running hedge fund-type strategies...