Threadneedle has launched a new European absolute alpha fund that will be based in Luxembourg, Financial Times reports. The Threadneedle European Smaller Companies Absolute Alpha fund would aim to capitalize on opportunities on both sides of the book to deliver value for investors.

The Ucits III fund will be managed by Philip Dicken and his team. The firm has closed the Threadneedle European Smaller Companies Crescendo fund, as part of the new fund launch.

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