Threadneedle has announced plans to launch a UCITS
III-compliant UK long/short equity fund, and to shut down its
Cayman-domiciled version, the once high-performing Threadneedle
UK Crescendo Fund.
The Threadneedle UK Absolute Alpha Fund is expected to debut
early in the fourth quarter, and will apply the same investment
strategy as the UK Crescendo Fund. It will be run by the same
portfolio managers, Mark Westwood and Chris Kinder.
The new fund is a response to client appetite for a UK
absolute alpha product...