Case Study 2

Sun May 1, 2005

Framlington Absolute Return UK Fund

Framlington: making the shift from long-only investing

Veteran long-only manager George Luckraft finds long/short investing to be a natural fit since Framlington's first hedge fund launch

When a long-only asset management house, such as Framlington, takes the bold decision to move into hedge funds, it helps enormously to have an in-house, first-class long-only manager like George Luckraft available to manage the first long/short offering. With 25 years of money management experience and Luckraft's track record with his Equity Income Fund, which has been the top performer in its sector since inception in 1993, investors were paying close attention to the launch of the Framlington Absolute Return UK Fund on 14 December 2004.

"This is a very natural business for Framlington," says Matthew Lovatt, the fund's risk manager. "We're a bottom-up...

ISSN: 2151-1845 / CDC10004H

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