(FinAlternatives) Although unfortunately timed to coincide with the Brexit referendum, Baring Asset Management has announced the launch of a new multi-asset UCITS-compliant long/short fund aimed at identifying both relative and absolute value opportunities.
The new Dynamic Absolute Return fund was launched on June 23, the same day as the U.K.’s vote. It is reportedly a market neutral strategy targeting a positive absolute return over a three-year rolling period, with target volatility of around 7%, according to the company.
