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L&G Diversified Absolute Return fund loses over 8% in a day !
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only question mark on Artemis Strategic Assets is that it is a young fund. BlackRock UK Absolute Alpha fund was smooth as a baby's bottom for about a year then it uncharacteristically dipped.
The manager has some history running a similar fund I think, from H&L.
He then took a break from fund management before joining Artemis five years ago to manage a very different institutional fund not available to private investors. Whilst volatile at times, it delivered outstanding performance during a period when the stock market fell. The key to its success was its flexibility. We were therefore delighted when he launched a fund managed along the same lines for private investors last summer – the Artemis Strategic Assets Fund.
I must say I like the idea of having a manager who can take evasive action on my behalf rather than being forced to go long even though they strongly suspect the market is ready to nosedive, i.e. defensive meaning stocks that don't quite fall as much :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
BlackRock UK Absolute Alpha fund was smooth as a baby's bottom for about a year then it uncharacteristically dipped.0
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