Absolute returns without shorting, the Fleming family way

Thu Apr 28, 2011

Joy Dunbar, editor of Absolute UCITS speaks with Julian Rogers-Coltman, chief executive Fleming Family & Partners Capital Management about absolute return investing, German investors and the firm’s UCITS funds.

Alternative shorting techniques are used by the absolute return UCITS funds run by multi-family office Fleming Family & Partners Capital Management.

Julian Rogers-Coltman, chief executive of FF&P CM, describes the UCITS funds that the firm manages as an absolute return approach without shorting.

The Dublin-domiciled UCITS funds are the FCM European Total Return Fund and FCM European Opportunities Fund and currently have about $308 million (€210 million) of assets under management.

Julian Rogers-Coltman from  Fleming Family & Partners

"It is not a long-only fund and it is not a traditional long/short fund," says Rogers-Coltman. "The best month we can have is not to lose money when the market is down – the success of the fund is down to capital preservation."
"Instead of using shorting, we use index put options and single stock stop losses and our macro equity allocation reflects our risk tolerance.
"One of the great challenges of an absolute...

ISSN: 2151-1845 / CDC10004H

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