Darius McDermott: The rise of the hodgepodge… well, sort of

In fact, between 20 February and 23 March 2020, the average loss for funds in the IA Targeted Absolute Return sector was just under 8%. It's not bad for a sector many retail investors have shunned over performance concerns in the past. The trouble with the sector has been - and continues to be - dispersion. It's home to more than 100 funds of all different shapes and sizes, with long-only, long-short, UK centric, global and fixed interest vehicles just some of the beasts sitting there. It even houses some highly leveraged old-style hedge funds, which in my opinion do not match the remit ...