Cazenove is to launch equity long/short fund

Cazenove Capital Management is to launch an equity long/ short global macro hedge fund on 31 May. The Absolute Return fund, managed by Tim Love, will have a capacity limit on investment of $1.5bn (£828m).The fund will typically be diversified between 60 and 100 positions and will seek opportunities from global structural changes, in particular themes arising from developing economies.