Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Kames UK Equity Absolute Return

Ranked 4 out of 10 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 : 31/07/2013 - 31/07/2014

Total Return

Quarterly Performance

to 31/07/2014 Annual Q1 Q2 Q3 Q4
2014 0.8% 0.2% -0.4% 1.0%
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

Breakdown

31/05/2014

Top 10 Holdings

Stock Size
Time/Term Deposits General Security 83.82
Future General Security 8.72
Credit Agri 0.000% 11-Jul-2014 3.87
Standard Chartered Plc CD 3.87
Barclays Bank Plc CD 3.48
GBP Cash 2.93
Reed Elsevier Plc CFD 2.12
Royal Dutch Shell PLC CFD 1.99
Carphone Warehouse Group PLC ORD 1.94
Severn Trent Plc CFD 1.88
31/05/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/02/2010
  • Share Class size275Mn
  • Base currencyGBP
  • ISIN GB00B4XS8040

Purchase Info

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

Charges

  • Annual management0.8%
  • Initial investment0

Related News

Lloyds to raise TSB float price to cash in on demand

Lloyds Banking Group could raise the float price of TSB shares to cash in on strong demand from investors.

Kames to scrap performance fee but lift AMC on UK Absolute Return fund

Kames Capital is to remove the performance fee on its UK Equity Absolute Return fund, but is seeking to raise the product’s annual management charge by five basis points.

Absolute return funds earning pretty penny from Libor benchmarks

Investors say Libor benchmark for performance fees inappropriate on many absolute return funds.

Aegon's Pringle shorts stocks exposed to spending cuts

Aegon Asset Management’s David Pringle is shorting stocks linked to government spending following the coalition’s cuts announced in the emergency Budget.

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