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 Old...
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