Octopus plans European Absolute Return fund
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Octopus Investments has confirmed it is planning a European Absolute Return fund, slated for launch in late spring.
Thierry Serero, who joined the firm in December from New Star, will head up the management of firm’s European assets, including the upcoming launch, which will come to the market in late spring. Serero will use his background running hedge funds for New Star and Fidelity to run the new product.
The European Absolute Return fund will sit within the group’s existing absolute return product range, which includes the CF UK Equity Absolute Return fund and the IM Octopus Alternative Strategies fund. (article continues below)
Simon Rogerson, the chief executive officer, says the product has been developed to meet investors’ desire to get exposure to the returns that they have seen institutions benefiting from for a long time in the hedge fund world.
