The Neuberger Berman Absolute Return Multi-Strategy Fund is a multi-manager proposition with a diversified allocation to a range of different hedge fund strategies. This is all with the aim of targeting absolute returns within a Ucits wrapper.
The US-regulated Absolute Return Multi-Manager Fund was launched in May 2012 and its management team will now run the new Ucits fund. The 35-strong team includes Fred Ingham as co-portfolio manager who is based in the UK.
He has already confirmed that the fund’s fee structure will include a capped total expense ratio with no performance fee at any level.
“In the current environment of low bond yields and longer term inflation risk, as well as uncertain equity valuations, hedge funds can offer a particularly attractive alternative, with the ability to benefit from rising rates, as well as from increasing dispersion in global equity markets,” he said.
