CG Absolute Return

A mixed-asset fund investing across asset classes, both risk assets at an intrinsic discount, as well as a variety of defensive strategies to provide suitable ballast.

Overview

The fund is managed through a top-down process based on an assessment of global economic conditions. Based on this process, the Portfolio Managers will determine allocations between a variety of risk assets (Equities, Real Estate, Credit, etc.) expressed through the purchase of third party investment vehicles at a discount, and direct purchases of real return and defensive cash-like assets (Fixed Income, Gold etc).

The approach utilises a defensive approach, allocating first to cash & T-bills, then moving out the risk curve upon further conviction. We like the fund for the ability to provide a defensive return stream whilst specifically avoiding high correlations with individual risk assets, allowing for flexible portfolio construction in respect to the risk environment.

Fund type: Asset class: Sector:
OEIC Mixed Equity range 20-60%
EQ Model Portfolios currently holding this fund
Best Ideas – Cautious
Best Ideas – Cautious Plus
Best Ideas – Balanced
Best Ideas – Balanced Plus

Fund Manager: Alastair Laing, Chris Clothier & Peter Spiller

Alastair Laing joined CG Asset Management in 2011, and currently serves as group CEO as well as acting as an investment manager for the firm. Prior to this, he worked at Hg Capital LLP, a pan-European private equity fund, having worked within the M&A team within the Corporate Finance department at Deloitte LLP.

Chris Clothier is an investment manager at CG Asset Management, and joined from IPGL Limited, a private equity firm focusing on financials. He worked at venture capital firm MMC Ventures before joining IPGL.

Peter Spiller founded CG Asset Management in 2000 after leaving Cazenove & Co where he was a partner and strategy director. Before joining Cazenove in 1982, Peter worked as a US equity investor at Capel Cure & Myers.

Fund Group: CG Asset Management

CG Asset Management (CGAM) was founded in 2000 in order to run the mandate for the Capital Gearing investment trust. Since then, it has expanded the product range to various absolute & real return strategies, investing with a long-term view and using a value-oriented contrarian style.