Gartmore MultiManager Absolute Return FundGartmore MultiManager Absolute Return Fund
This investment fund features as part of the Absolute Portfolio. The fund brings together around 15 to 20 investment funds, featuring a broad range of asset classes and aiming for as little correlation between them as possible.
Tony Lanning manages this investment fund
Tony joined Gartmore in November 2007 as a Fund Manager and Deputy Head of Multi Manager. Prior to this he was Head of Collectives Research at the Private Bank, Arbuthnot Latham & Co. Before this Tony spent six years as Director of Research at Origen (an Aegon owned Company) where he managed a team of seven investment managers and analysts. He was also a member of Origen's Executive Management Group. Tony is a Securities Institute Registered Representative and hold the Investment Management Certificate (IMC). He has over 17 years investment management experience, specialising in collectives.
Gartmore is one of the world leading asset management firms, with an impeccable reputation. They currently have £21 billion under direct management and recently floated on the UK stock exchange.
Why we like this investment and what we expect
It is very rare that we consider a multi-manager approach as the high charges for these funds rarely justify their performance. So we were pleasantly surprised when we came across the Gartmore Multimanager Absolute Return Fund, which in essence aims to outperform the "Absolute Return Sector." This relatively new fund was launched in November 2008, during the thick of the financial crisis and has successfully achieved its goal of capital preservation during downward swings and growth in the upward swings.
Tony and his team have carefully selected the best performing funds that employ hedge strategies and will invest typically in equities, fixed interest, hedge strategies, commodities and life settlements. The goal is that, should one asset class go through negative change, the fund as a whole will be less affected. This approach has been more successful with the fund out-performing the sector by 2.5% and generating returns of 14% since November 2008.
When selecting funds for the Absolute Portfolio, it was important for them to have low correlation to equity markets and the correct defensive procedures in place for capital preservation in the long term. We expect this fund to carry on tracking the returns of the Absolute return sector average and out-perform standard rates of interest on bank savings accounts.
The underlying fund charges 1.28%. Sterling’s charge is in addition.
Fund Manager Factsheet (PDF)Fund Prospectus (PDF)
