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Kames UK Equity Absolute Return

Ranked 6 out of 11 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.


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.


Market Neutral over : 31/08/2013 - 31/08/2014

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 0.9% 0.2% -0.4% 1.1%
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 3.0% 1.1% 1.1% 0.6% 0.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Time/Term Deposits General Security 84.47
Future General Security 11.06
Credit Agri 0.000% 11-Jul-2014 3.65
Standard Chartered Plc CD 3.65
Barclays Bank Plc CD 3.28
Reed Elsevier Plc CFD 1.98
Royal Dutch Shell PLC CFD 1.94
Dixons Carphone PLC ORD 1.84
Severn Trent Plc CFD 1.74
AstraZeneca Plc CFD 1.71

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/02/2010
  • Share Class size327Mn
  • Base currencyGBP
  • ISIN GB00B4XS8040

Purchase Info

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


  • 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).