Threadneedle has launched an absolute return fund focusing on European smaller companies, Financial Times reports. The Threadneedle European Smaller Companies Absolute Alpha fund, a Ucits III vehicle to be based in Luxembourg, will be managed by Philip Dicken and his team. The vehicle will aim to capitalize on opportunities on both sides of the book to deliver value for investors. The manager will have flexibility to take both long and short positions in stocks across the European Union, adds Investment Week.

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