Kames launches Global Equity Market Neutral Fund

Kames Capital is to continue to build upon its widely recognised absolute return franchise with the launch of the Kames Global Equity Market Neutral Fund.
The move is aimed at leveraging the success of Kames’ existing €3.9bn equity and fixed income absolute return investment capability by providing investors with a wider choice of absolute return strategies to complement its six existing funds.
The Kames Global Equity Market Neutral Fund will aim to generate a positive absolute return over a rolling three year period, with lower volatility than government bonds. The risk profile is consistent with investors seeking returns of 1 Month GBP LIBOR +4% per annum net of 1% AMC over a rolling three year period.
The fund will be co-managed by Neil Goddin and Craig Bonthron, with support provided by Malcolm McPartlin. It will aim to deliver performance with three key attributes; positive returns regardless of market conditions, low levels of volatility and very low correlation to underlying markets.
The fund will be available in the UK, Austria, Belgium, Germany, Guernsey, Ireland, Italy, Jersey, Luxembourg, Malta, Netherlands, Spain, Sweden and Switzerland.¹ Its base currency will be GBP, but there will also be euro, US dollar, Swedish krona and Swiss franc share classes. The fund’s ‘B’ share class will have an annual management charge of 1.0% (minimum initial investment £500,000).
Stephen Adams, head of equities at Kames Capital says: “We are acutely aware of investors’ fundamental focus on capital preservation, especially in current market conditions. The new fund enables us to continue to meet this demand from a global perspective, whilst remaining true to our philosophy of providing real market neutral returns.
“The new fund will blend quantitative and fundamental research in a well-defined investment process. It complements our existing absolute return franchise, providing investors with a wide choice of strategies.”