Janus Henderson Absolute Return is a long/short equity fund with a UK bias, that aims to deliver a positive absolute return over rolling 12-month periods. The managers look to identify stocks that will either exceed or fall short of analysts’ expectations and construct a portfolio of both long (profit when the share price goes up) and short (profit when the share price goes down) positions. There are limits on the overall market exposure, which serves to reduce the volatility of the fund.
What’s covered in this podcast:
- How the managers have used the flexibility to invest globally
- What index derivatives are and why the managers are short them
- The fund’s investment in Berkshire Hathaway – the company owned by legendary investor Warren Buffet
- The type of environment in which the fund does best
- The market the manager is optimistic about and the one area he has concerns
- How the managers are balancing the growth vs value debate
- What it will take for investors to like UK equities again
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