IMA completes review of Absolute Return sector

23 August 2010 at 15:58

IMA completes review of Absolute Return sector The Investment Management Association (IMA) has completed its second anniversary review of the Absolute Return sector and concluded that no changes are currently necessary.

Jane Lowe, director of markets at the IMA, said there was "considerable discussion" about sub-categorising the sector, but the organisation felt that the sector was not large or mature enough for this to take place.

"The IMA is currently undertaking a wider review of its sectors which will give a further opportunity to consider some of the issues relevant to the Absolute Return sector," she stated.

Ms Lowe added that, unlike many other IMA sectors, it is based on an "investment objective" rather than by reference to the assets which comprise it, adding that a further review of the sector will take place in 12 months' time.

There are currently 48 funds in the Absolute Return sector with a total of £13.6 billion under management, ten of which are offshore funds with £1.2 billion of funds under management.

Posted by James Harrison ADNFCR-3006-ID-800036117-ADNFCR

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