Old Mutual Asset Managers is getting back on the front foot
again with its long-running UK Specialist Equity Fund as part
of a broader expansion of the firm's hedge fund business.
Run by Ashton Bradbury, the long/short strategy - which
focuses on smaller and mid-cap stocks in the UK - has delivered
a very solid performance over the nine years that it has now
been going since its inception in March 2003.
The fund's annualised volatility through an exceptionally
volatile and changeable equity market cycle is extraordinarily
low at just 3.6%, while the annualised return of 7.2% (which
includes a gain of 5.5% in 2011) has been achieved with the
rare distinction of no down years in its main sterling share
Never a high-capacity vehicle in the first place, having
been hard-closed in the past at just £160 million, the
fund dwindled to virtually...