Facing the Quest

The long/short UK equity fund from asset manager Collins Stewart passed its first birthday on 17 January, posting 8.22% returns over its first year in existence, according to the group.

The £10.5m fund concentrating on the UK largest 350 largest firms, has produced the returns against a FTSE 350 fall of 23.81%. The fund aims to produce absolute returns significantly above the risk-free rate.

Stocks that can go into the portfolio are chosen via a strict process using Collins Stewart's proprietary

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