Subsidiary company Talorcan to launch three funds over the coming weeks
Abbey National has launched an alternative investment product through a subsidiary fund management company Talor can and is set to launch two more such funds in the coming weeks. Talorcan Equity Pairs Plus was listed on the Irish stock exchange last week. The fund manager, Claire Bowman, will take a view on a sector and pick two companies within it, one which is undervalued and one that is overvalued. She will borrow shares of the overvalued company and sell them, using the receipts of that sale to purchase the undervalued stock, selling when the company comes back to equilibrium. The inv...
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