Threadneedle has launched a UCITS-compliant absolute return fund focused on North American equities based on its American Crescendo long/short equity strategy. The new UCITS launch, which is structured as a SICAV, is the first equity offering in the firm’s $3 billion absolute return fund range – which has hitherto focused on fixed-income strategies.
The Threadneedle American Absolute Alpha Fund is managed by Stephen Moore,...