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 ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes