Cazenove UK Absolute Fund reopens in May

Cazenove Capital Management is to reopen its UK Absolute return fund, managed by Tim Russell, on 2 May before soft closing once more until October. The firm has also announced its long/short funds have tipped the $600m mark. The firm is also launching a third hedge fund in its range, UK Dynamic Absolute Return Fund, to be managed by Neil Pegrum, following a more aggressive long/ short approach and is likely to have a higher risk/return profile than the firm's core hedge funds which follow a business cycle approach. The sterling-denominated fund's subscription period will begin on 16 May...