Henderson reopens UK Absolute Return as correlations subside

The strategy, which includes a UK OEIC and a Luxembourg SICAV, has been soft-closed since November 2011 when total assets reached a peak of $1.8bn. The group moved to stem inflows before assets reached $2bn by raising the initial charge from 1% to 5% on the retail share class. Speaking to IFAonline's sister title Investment Week, the managers said the soft-closure was also prompted by highly correlated markets making stock selection more difficult. “It was a very uncertain macro environment at the time. It was also a volatile capital market environment with a high level of stock corre...