Threadneedle launches the (Lux) Absolute Alpha fund in Italy

Threadneedle Investments has launched its European equity absolute return fund Threadneedle (Lux) Absolute Alpha on the Italian market.

The fund is domiciled in Luxembourg and mirrors the strategy of the existing Threadneedle Apex European fund.

It will focus on high-conviction stocks, with an emphasis on company analysis and valuations.

The launch was driven by increased client appetite for a Ucits European equity alpha fund, Threadneedle said.

The product is managed by Paul Doyle and takes long and short positions in pan-European equities.

“Since the launch of Threadneedle European Crescendo fund in 2000 and of European Apex in 2010, we have managed to limit returns volatilty. We are happy to be able to offer the same product in another regulated, liquid and transparent market,” Doyle said.

He added: “Depite the negative news flow from the eurozone, we think this is an exciting moment to look at European equities. We think a number of companies offer an interesting valuation.”

Doyle joined the company in 1995 and manages the retail and institutional portfolio, as well as Threadneedle Apex European fund.

Threadneedle has €92bn under management.

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