New fund announced by Threadneedle

Threadneedle has announced the launch of a new fund.

The Threadneedle American Absolute Alpha Fund will result in increased flexibility in strategy and positioning, the organisation noted.

It heralded the news as an exciting proposition for the firm, which has more than nine years of experience in single-strategy hedge funds and one of the largest US equity teams by assets in London.

Campbell Fleming, head of distribution at Threadneedle, remarked: "We believe that this fund will leverage our existing resources and experience to the next stage of development for absolute reform."

The specialist added the move will increase US investment in this form.