Fund profile: Old Mutual finds value with market-neutral global equity approach
Thu Nov 17, 2011
Absolute UCITS editor Joy Dunbar speaks to Ian Heslop, head of quantitative strategies at Old Mutual Asset Managers, about the fund’s global equity market-neutral approach and the macro headwinds driving markets.
Year-to-date to the end of September, the Old Mutual Global
Equity Absolute Return Fund is the best performing fund in the
Absolute UCITS database.
But since its inception in July 2009, the
fund’s performance appears to have two distinct
phases: to September 2011 the fund is up more than 13%, while
in 2010 it returned 26 basis points and the second half of 2009
it returned more than 1%.
Ian Heslop: Old Mutual Asset Managers
The objective of the market-neutral equity fund is to achieve
cash plus 6% in annual returns with 6% volatility –
according to Ian Heslop, head of quantitative strategies at Old
Mutual Asset Managers.
He says: "It is a global market-neutral fund, so we thought
that there was space for it in our portfolio of funds at
ISSN: 2151-1845 / CDC10004H
By registering you will receive
- A monthly newsletter on your specified areas of interest
- A fortnightly update on the sector
Take a trial today and access
- Performance news, fund launches, regulation changes and people moves
- Profiles of fund managers, investors and distributors
- Live league tables
- Investor mandates
Start your subscription today!
- Access our news and performance data online from anywhere
- Receive weekly emails with the latest news and performance data
- Free copies of the bi-annual Global Review inc. the Billion Dollar Club
- 24/7 online support
- Dedicated account manager