A fund run by Cazenove Capital Management has achieved the best UCITS hedge fund weekly performance for the week ending 22 October 2010, according to the new Absolute UCITS weekly performance report.
The Cazenove Absolute UK Dynamic Fund returned 2.02%. Run by Paul Marriage the fund sits in the European equity sector and launched in September 2009. It has a year to date annualised return of minus 0.21% to September 2010 and in the same time period this year the fund is down 0.56%.
The objective of the fund is to achieve absolute returns through targeted investment strategies independent of UK market conditions or indices.
The second best performing fund was the Ennismore European Smaller Companies Fund which returned 1.92%. The fund which was incepted in January 1999