{"id":4656,"date":"2006-06-29T00:00:00","date_gmt":"2006-06-29T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"cazenove-to-offer-retail-access","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2006\/cazenove-to-offer-retail-access.html","title":{"rendered":"Cazenove to Offer Retail Access"},"content":{"rendered":"<div class=\"writeboardbody\">\n<p>    WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Cazenove Capital Management is looking to launch retail access in September to its five hedge funds with a \u00c3\u201a\u00c2\u00a31,000 minimum investment, four of which are closed    to new investors. The usual entry investment is \u00c3\u201a\u00c2\u00a3100,000.  <\/p>\n<p>    Cazenove Capital Absolute trust, will offer closed-end access to two hedge funds run by Tim Love, Chris Rice, Tim Russell and Neil Pegrum. The annual management charge on the underlying products    is 1.4% on average, with a performance fee of 20% on all returns. The product carries no initial charge and discussions are ongoing regarding commission.  <\/p>\n<p>    The \u00c3\u201a\u00c2\u00a3150m-capacity hedge fund, which targets an absolute return of 10% a year after fees, will be eligible for Pep, Isa and Sipp investments with any gains subject to <span class=    \"caps\">CGT<\/span>, the product is listed on <span class=\"caps\">AIM<\/span>. Neil Pegrum\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s <span class=\"caps\">UK<\/span> Dynamic Absolute Return fund has the same target while Chris Rice\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s European    Equity Absolute Return fund aims to generate that level of return with lower volatility than the <span class=\"caps\">FTSE<\/span> World Europe index.  <\/p>\n<p>    These four products, which are all closed to new business, are joined on the panel by Tim Love\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Worldwide Absolute Return, which launched in June.  <\/p>\n<p>    Robin Minter-Kemp, the firm\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s managing director, said \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cHistorically, the trust would have achieved 12.2% in annual returns with volatility of about 3%,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d he said.  <\/p>\n<p>    \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThese hedge funds are completely independent of the market and are designed to outperform cash. Because they can make money when the market falls, they will have minimum correlation. If you look    at <span class=\"caps\">UK<\/span> Equity Absolute Return, for example, its beta since launch in November 2003 is 0.07.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n<p>    Alex Akesson<br \/>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: Editor@hedgeco.net  <\/p>\n<p>    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<p>    <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>    and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>  <\/p>\n<p>    &nbsp;  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Cazenove Capital Management is looking to launch retail access in September to its five hedge funds with a \u00c3\u201a\u00c2\u00a31,000 minimum investment, four of which are closed to new investors. The usual entry investment is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4656","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4656"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4656\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}