Premier launches new global vehicle

Launched tomorrow (22nd May), the fund is long-only with a target of UK CPI plus 4pc per annum over a rolling three-year period, invested in global equities, without a UK bias. The Global DSR fund will not be constrained by benchmarks and Jennings will be looking to use long-term themes to deliver high, absolute returns; risk adjusted through the active use of derivatives, cash balance and fixed income. Jennings, formerly of Morley, was recruited by Premier at the beginning of March and has a strong track record of delivering absolute returns in the global equity market. He said: ...