Sanlam preps US absolute return fund with value approach

The Sanlam US Absolute Return fund will be managed by its US equity team under value specialist Adour Sarkissian (pictured), who manages Sanlam's US dividend vehicle, and assistant manager Conor Walsh. Expected to be launched by the end of August, subject to regulatory approval, the Dublin-domiciled UCITS fund is likely to charge an annual management charge of 75bps and already has the backing of "suitable" seed investors, according to group head of distribution Richard Pursglove. The strategy, which has been tested on a paper-based portfolio, will be market neutral, with a targeted 0...