Cazenove adds European long/ short fund to alternatives range

Cazenove is preparing to add a European long/short fund to its range of alternatives, investing in business cycle, relative value and directional trades. The European Equity Absolute Return Fund will be managed by Chris Rice and Steve Cordell, and will launch on 28 November, following on from the launch of its UK equivalent - the UK Equity Absolute Return Fund - at the start of November, managed by Tim Russell. Both Russell and Rice were recruited last September from HSBC in a surprise coup by Cazenove. Cordell also came from HSBC, where he was responsible for the HSBC GIF Pan European E...