Charity absolute return fund extends to Scotland

The only fund of hedge funds in which charities can invest is to be extended to allow good causes in Scotland to benefit. The Absolute Return Trust for Charities is to be made available to Scottish charities as well in England and Wales. The Absolute Return Trust for Charities is managed by Cazenove's investment fund arm, on advice from hedge fund specialist Fauchier Partners. The fund is the only fund of hedge funds that that charities in England and Wales are allowed to invest in. It was given authorisation by the Charity Commission in 2002. In the last five years the fund has grown t...