Threadneedle American Absolute Alpha Fund

Threadneedle announces the launch of the Threadneedle (Lux) American Absolute Alpha Fund, reinforcing the company's absolute return fund range which has attracted total AUM of US$3bn.  The fund is a SICAV under UCITS III regulation, which gives fund manager Stephen Moore increased flexibility in strategy and fund positioning.  

Stephen Moore lead manages the American Crescendo Fund, a North American equity long/short fund, and was actively involved in the development of the American Extended Alpha Fund, Threadneedle's first UCITS III 130/30 fund which he has managed with great success since its launch in 2007.

We believe this is an exciting time to be launching this offering in a small universe of absolute return American equity funds. Threadneedle has more than nine years' experience in single strategy hedge funds and one of the largest US Equity teams by assets in London, managing over $9.5bn in assets. Stephen Moore has proven long/short and UCITS III experience and has built a track record of adding alpha under different market conditions, supported by a solid operational infrastructure and independent risk analysis.  Our US equities team also draws on the support of 118 investment professionals across all asset classes and regions, all on one floor.

Campbell Fleming, Head of Distribution at Threadneedle, said: "Threadneedle has a proven track record for delivering performance via absolute return funds, and we believe that this fund will leverage our existing resources and experience to the next stage of development for absolute return. We have spoken extensively to our clients and they have indicated a great appetite for a product that will open up the US investment world in this form."

The American Absolute Alpha Fund will utilise the same process and resources as the Threadneedle American Crescendo Fund. The portfolio will primarily take long and short positions in North American equities and will generate the majority of performance from stock selection.