Threadneedle Investments has launched an absolute return fund investing in pan-European Equities.
Paul Doyle will manage the Threadneedle Absolute Alpha fund, applying a high conviction stock selection.
Company analysis and valuation will be the main factors he will take into consideration when making investment decisions. In addition, Doyle will apply a top-down overlay to manage sector exposures.
Broadly, his approach will be similar to that of the Threadneedle Apex European fund.
“Despite the negative news flow surrounding Europe recently, we believe that it is an exciting time to look at European equities as we are able to find many companies at compelling valuations,” Doyle says. “The opportunity to deliver absolute returns through fundamental and valuation analysis with high conviction long and short positions is considerable.”
The Commission de Surveillance du Secteur Financier has approved the fund for public offer in Luxembourg. Approval is pending in other jurisdictions.
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