Leading international asset manager Threadneedle has refined its Absolute Return range, with a suite of products that focus on high conviction strategies and capitalise on the group’s core competencies in hedge fund strategies.
Under Kris Haber, Global Head of Absolute Return Strategies, a dedicated business development and distribution team has been established, with several new appointments.
Haber commented: 'The absolute return market is forecast to grow at a compelling rate in coming years and investors are increasingly seeking exposure to absolute return strategies via both unregulated and regulated (or UCITS) vehicles. We are now able to offer greater flexibility and a range of structures for investors wanting to access Threadneedle’s outstanding performance track record.
'We’ve spoken to clients, and we believe our revitalised range provides access to a compelling suite of strategies via a choice of structures that aims to meet the needs of different types of investors. Since 2000, Threadneedle has been active in the unregulated hedge fund market. Today we bring the expertise and resources of a major asset manager to the absolute return space'.
'Our expertise spans specialist areas such as commodities and emerging market macro in addition to equity long/short skills. Our range includes cash-plus, absolute alpha and unregulated funds, providing access to top tier strategies across the spectrum. All of our strategies are liquid, transparent and fully integrated within our institutional framework', Haber said.
Refinements to Threadneedle’s unregulated range include an increase in the dealing frequency of funds from monthly to weekly to better align fund liquidity with the underlying portfolios, and the removal of early redemption charges to provide investors with improved liquidity. In addition, a preferentially priced seeding share class has been introduced to offer investors the ability to partner with Threadneedle as it grows the funds.
Threadneedle’s range of Absolute Return strategies capitalises on the company’s track record across a range of asset classes:
Lead managed by David Donora. Long-term capital growth, primarily via investments in commodity markets capturing macro trends and exploiting relative value opportunities.
Emerging Market Macro
Unregulated and UCITS III
Co-managed by Richard House and Agnes Belaisch. Macro-driven, including emerging market debt, currencies and derivatives.
Managed by Barrie Whitman. Macro-driven, including corporate bonds and derivatives on a global basis.
Managed by Quentin Fitzsimmons. Macro-driven including government bonds, corporate bonds, currencies and derivatives on a global basis.
Managed by Paul Doyle. Long-term capital growth primarily through investing in a range of European companies.
European Smaller Companies
Lead managed by Phil Dicken. Invests in a portfolio of European Smaller Companies equities.
Managed by Stephen Moore. Long and short US equity exposure.
Managed by Mark Westwood and Chris Kinder. Long and short UK equity portfolio.
Mr Haber joined Threadneedle in 2009 with the dual responsibilities of developing the company’s absolute return business and spearheading its business development efforts in North America. Prior to joining Threadneedle Mr Haber spent 13 years at Lazard Ltd, where he rose to the role of Managing Director, Head of Alternative Investments.
The following appointments have been made to support the distribution of Threadneedle’s Absolute Return strategies:
John Mackin has joined Threadneedle as Head of North American sales, with responsibility for leading Absolute Return sales efforts in North America, along with Threadneedle’s traditional products. He has over 20 years experience in senior sales roles for both traditional and alternative asset classes.
Christian Trixl, who is head of Swiss Distribution, now leads Threadneedle’s Absolute Return sales effort in Europe. This is a new role for Mr Trixl. Since joining Threadneedle in 2005 he has been instrumental in developing Threadneedle’s business in Switzerland.
Supporting Christian, George Szemere will take on a dedicated Absolute Return sales role for Europe. Since joining Threadneedle in 2008, Mr Szemere has been an investment specialist for the equity and commodity Absolute Return funds.
Stéphane Jeannin will re-focus his investment specialist role exclusively on Absolute Return strategies. Prior to this appointment, he was a senior equity investment specialist.
Adrian Mackaay will lead Threadneedle’s business development activities across both absolute return strategies and North American distribution. Mr Mackaay has been with Threadneedle since 2003, most recently as head of strategic analysis.
A pioneer in absolute return investing, Threadneedle manages a broad range of products and strategies, including emerging markets, commodities, UK, American and European equities. The company has more than 10 years’ experience in single strategy hedge funds. Threadneedle launched its first absolute return fund in 2000 and its first UCITS III absolute return fund in 2005.