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Barclays Capital’s Radar strategy celebrates anniversary

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Barclays Capital’s Research Analysis Driven Absolute Return strategy has celebrated its first anniversary with a return of 29.7 per cent net of fees.

 

Managed by Barclays Capital’s in-house fund manager, Barclays Capital Fund Solutions, Radar is a long/short macro tactical asset allocation strategy designed to provide stable absolute positive returns from a diversified pool of global assets.

The fund draws on the expertise of the 800-strong Barclays Capital research team and takes strategic advice from the global asset allocation team headed by Tim Bond.

Launched in March 2009, the USD105m fund has recorded ten positive months stretching from March 2009 to end of March 2010 culminating in a 12 month return of 29.7 per cent net of fees.

Nathan Bance, director in UK investor solutions, Barclays Capital, says: “We are delighted with the fund’s performance and popularity over the past year. In what has been a tumultuous 12 months for the markets it is pleasing to see the fund deliver as it should for investors. Radar was designed to exceed global equity returns in a bull market and also outperform tactical allocation funds, macro and market-neutral hedge funds during bear markets. With a first year return of 29.7 per cent the fund, despite having a low equity beta, has almost matched equity returns over the period and judging by increasing inflows into the fund this has not gone unnoticed by investors.”

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