The global absolute return sector will need to re-assess its offerings, according to Kevin McConnell, Head of the team that manages the Dublin-domiciled Bloxham Midas Global Absolute Return Fund, which is shortly to launch a sterling share class.
McConnell points out that with only 25 per cent of the sector in positive territory in 2011 and high volatility continuing to impact the global macro environment, 2012 is set to be equally as difficult for the sector. “Asset allocation for 2012 represents one of the toughest challenges to the investment community in decades. Core bond markets have been losing credit quality but benefiting from the “safe haven” trade against a deteriorating equity market. The move to “alternatives” is likely to accelerate as investors decrease long equity and long bond allocations,” added McConnell. M...
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