Bloxham to launch absolute return fund.

Investment Adviser, June, 2009

Byline: Anna Lawlor

Dublin-based asset manager Bloxham plans to launch an absolute return fund to the Irish market within months and to the UK retail space early next year.

Pramit Ghose, managing partner and head of wealth management, confirmed Bloxham's first long/short product had been seeded with 10m (GBP8.5m) and is awaiting approval from the Irish Financial Regulator.

He said he expected it to go live this autumn, with a UK version of the fund - its second UK Oeic - to follow "within months".

"What's happened in the past two years has meant fund-management business models have suffered," he said. "We're investing in equities, unable to short. Clients either say, 'why didn't you sell everything?', or 'don't hold more than...

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