DNB Asset Management sees best and worst performing funds

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By Hannah Walsh

DNB Asset Management had the best and one of the worst performing funds for the week ending 25 May 2012, according to figures from the Absolute UCITS database.

The DNB ECO Absolute Return fund topped the league tables with returns of 3.73%. The fund started in December 2010 and is managed by Oslo-based Jon Sigurdsen. During 2011 the DNB ECO fund was up 18.58%, but so far this year it is down 7.47% to the end of April.

At the other end of the spectrum the DNB TMT Absolute Return fund reported a loss of