L&G aims for absolute returns with DART fund

DART will be managed by David North, head of asset allocation at L&G Investment Management, and is the latest addition to the group's £30bn multi-asset range. The fund's aim is to provide positive returns in all market conditions using a number of investment techniques including derivatives, currency forwards and other 'Over the Counter' instruments. The fund will also invest in collectives, equities, securities, money market instruments and cash. The performance objective is to provide a positive return over the short term (on an annual basis) and to outperform equities (measured aga...