Kleinwort Benson offerings mirror offshore Elite range

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onshore absolute return fund launches are based on guernsey vehicles

Kleinwort Benson has launched two onshore multi-asset absolute return funds based on the portfolios of their Guernsey-based Elite range. The CF KB Endeavour Absolute Return fund and the CF KB Endeavour Balanced Total Return portfolio replicate the offshore Elite vehicles and invest in traditional as well as alternative asset classes such as real estate, commodities, hedge funds and private equity. The CF KB Endeavour Absolute Return fund aims to deliver long-term annual returns of 2% above Libor, and has a volatility level which resembles short to medium-term gilts. The CF KB Endeavour ...

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