The Threadneedle UK Absolute Alpha Fund, co-managed by Mark Westwood and Chris Kinder, has hit the $100 million milestone since its launch on 1 October 2010.
The long/short fund has now returned 8.8% since inception. Mark Westwood and Chris Kinder, who was previously at RWC Partners, are co-managers of the fund.
“The economic environment has been difficult to say the least,” according Westwood. He adds: “With this fund, Chris and I can take positions in companies we think will outperform as well as those we believe might struggle in order to generate alpha for our clients.”