Columbia Threadneedle monitors size of UK Absolute Alpha fund


Columbia Threadneedle Investments is monitoring the capacity of its UK Absolute Alpha fund after its assets more than doubled over the year to reach almost £1bn.

At the end of April the fund has £988m in assets compared to £373m a year earlier.

Managed by Mark Westwood and Chris Kinder, the fund takes long and short positions to deliver absolute return. Since its launch in 2010, the fund has delivered a 5.7 per cent net annualised return.

Gary Collins, head of wholesale for EMEA at Columbia Threadneedle, attributes the current demand to the volatile, low growth environment.

“Our priority is always to protect the interests of existing investors and we have ceased marketing activity and new client pitches over the past year to manage inflows into the Threadneedle UK Absolute Alpha fund,” Collins says.

“We are now monitoring new flows with the potential to apply further measures to limit demand if necessary to ensure the investment integrity of the fund is retained.”