The Absolute Return Fund was until June 2023 part of the Odey Asset Management. After the fallout of the fund due to the misconduct allegations, it was rehoused with the London-based fund Lancaster Investment Management. Lancaster was founded in 2007 and is currently run by Matthew Wood, James Roycroft, and Richard Lamplough.
The Absolute Return Fund’s strategy is based on global equity with long and short positions. The managers follow three core principles when investing:
- Choosing fundamentally good companies
- High discipline in short-selling
- Diversification and carefully calculated position sizing
The investment time frame is medium to long, while the portfolio is regularly resized to keep the focus on the highest conviction investments. Their portfolio usually consists of 30...