Church House Tenax Absolute Return Strategies is a long only multi-asset fund, which invests directly in assets, rather than using the ‘fund of fund’ route. It targets positive returns over rolling 12-month periods. Managers James Mahon and Jeremy Wharton place a heavy emphasis on capital preservation and it is one of the few absolute return funds with a track record which goes back beyond 2008 and the global financial crisis.
Read more about Church House Tenax Absolute Return Strategies
What’s covered in this podcast
- Why bottlenecks around production and staff availability are causing higher than expected inflation figures – and why central banks believe it’s temporary [0:15]
- The conundrum of long-term interest rates and why they don’t make much sense [4:11]
- The US Federal Reserve’s challenging dual mandate [6:41]
- What are the managers doing to protect their portfolio from longer-term interest rates [9:35]
- The confusion in markets around low bond rates and why they will result in numerous bouts of volatility [10:15]
- Why he believes the UK is on a protracted recovery curve [10:40]
- The alarm bells that have put the managers off the majority of hedge funds at the moment [12:15]
- The rationale for cutting back on their infrastructure exposure and the re-jig in property holdings [13:42]
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