Emerged economies

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Cazenove Capital Management, the London-based investment management company, has launched a new fund this month based on a simple proposition - that the investment community's view of the so-called emerging economies is well behind the times. With a planned £1.5 billion in assets under management, the Worldwide Absolute Return Fund will pursue a long/short strategy in developed and emerging markets, which aims to take advantage of price misalignments between stocks in the same sectors.

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