The Cazenove Absolute UK Dynamic fund will reopen to new subscribers today for the first time in 16 months.
The fund, managed by Paul Marriage, closed within a week of its September 2009 launch date after attracting £123m in subscriptions.
Citing a period of solid fund performance and the appointment of John Warren to the UK equity team to replace outgoing manager Neil Pegrum, Cazenove is reopening the fund with £60m additional capacity. (article continues below)
Marriage says the fund has grown 5.5% since its launch and that it is back on track to achieve a target of 10% per year.