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Kames UK Equity Absolute Return

Ranked 7 out of 13 in - Market Neutral over 12 months
All calculations are in GBP

Managed by

David Griffiths

David Griffiths is an investment manager at Kames Capital, having previously worked as a Sector Fund Manager for the British Steel Pension Fund until 2000. Griffiths co-manages the Kames UK Equity Absolute Return fund with David Pringle, and the pair aim to achieve low volatility and a positive absolute return over twelve months, irrespective of market conditions. Griffiths holds a degree in Aeronautical Engineering, which he studied at the University of Bristol.

David Pringle

As an investment manager for Kames Capital, David Pringle is jointly responsible for the firm’s Kames UK Equity Absolute Return Fund alongside David Griffiths. The fund follows a market-neutral, absolute return strategy with an emphasis on stock selection, whilst also taking a top-down perspective. Pringle joined Kames in 2001, having previously worked for WM Company as a research assistant. He is a CFA charter holder and graduated with a degree in Financial Services from Glasgow Caledonian University.

Objective

To achieve a positive absolute return over a 12 month period in all market conditions by investing principally in a portfolio of equities and equity-related securities (including Contracts for Difference and other derivatives) of companies based in the UK, principally conducting business in the UK or listed on the UK stock market. Cash and near cash will be held, and the fund may also invest in other transferable securities (for example, bonds and other public and government securities), permitted money market instruments, permitted deposits and units in collective investment schemes.

Performance

Market Neutral over : 30/11/2013 - 30/11/2014
  • Rank 7/13 Total Return
  • Rank 5/13 Standard Deviation
  • Rank 3/13 Max Drawdown
Fund Name Risk
3 Julius Baer EF Absolute Return Europe Eq-GBP Bh

Currency exposure is hedged

Currency exposure is hedged

0.6

4 GLG European Alpha Alternative DN H GBP

Currency exposure is hedged

Currency exposure is hedged

0.7

5 Kames UK Equity Absolute Return B Acc

0.8

6 Old Mutual Global Equity Abs Return GBP A Acc Hdgd

Currency exposure is hedged

Currency exposure is hedged

1.0

7 MLIS Marshall Wace TOPS UCITS (Mkt Ntrl) GBP B Acc

1.0

Fund Name Loss
1 F&C Real Estate Equity Long/Short C GBP Acc

-0.3%

2 Insight - Absolute Insight Eq Market Neut S GBP

-1.2%

3 Kames UK Equity Absolute Return B Acc

-1.4%

4 Old Mutual Global Equity Abs Return GBP A Acc Hdgd

Currency exposure is hedged

Currency exposure is hedged

-1.6%

4 Julius Baer EF Absolute Return Europe Eq-GBP Bh

Currency exposure is hedged

Currency exposure is hedged

-1.6%

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 0.2% -0.4% 3.2%
2013 6.1% 1.9% 2.7% -0.9% 2.3%
2012 1.6% 0.5% 0.8% -0.1% 0.4%
2011 4.3% 0.2% 1.4% 1.7% 1.0%
2010 1.1% 0.6% 0.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/10/2014

Top 10 Holdings

Stock Size
Time/Term Deposits General Security 86.17
Credit Agricole SA CD 4.35
ING Bank NV CD 4.35
Nationwide Building Society CD 2.89
Deutsche Bank AG CD 2.03
Compass Group PLC CFD 1.86
Severn Trent Plc CFD 1.83
Inchcape Plc CFD 1.82
Wolseley plc CFD 1.75
Reed Elsevier Plc CFD 1.66
31/10/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/02/2010
  • Share Class size346Mn
  • Base currencyGBP
  • ISIN GB00B4XS8040

Purchase Info

  • Min. initial investment2Mn
  • Min. additional investment10,000

Charges

  • Annual management0.8%
  • Initial investment0

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).