EUROPE - Scepticism some European allocators feel about the ability of ‘absolute return' funds to achieve their aims has been vindicated so far this month as almost eight in every 10 European funds in the sector lost money in the volatile first three weeks.
The 2.5% average loss from European absolute return funds by 19 August was far less severe than double-digit falls seen on some European share markets. But it still raises questions about whethe...
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