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The Absolute Return sector has received a lot of press in recent weeks, some of it not positive. A lot of this can be attributed to the range of outcomes that arise from the divergent strategies adopted by funds within the sector. Our approach for Tenax is one based on simplicity: a straightforward multi-asset fund with a goal to produce a positive return, in excess of cash, as measured by the 3-month LIBOR, on a rolling twelve month basis.
In a recent article, FE Trustnet looked at the absolute return funds that have delivered on their target and produced positive returns in all market conditions. The Church House Tenax Absolute Return Strategies Fund was placed in a group of six funds that had no negative months of 3 year rolling returns.
Managed by James Mahon, Church House CEO, and Jeremy Wharton, FE Alpha Manager, the fund enjoys a range of independent fund ratings including one from RSMR, a 5-Crown Rating from Financial Express and Elite fund status from FundCalibre.
Tenax has a ten-year track record and in the piece by FE Trustnet they quoted performance as “average three-year rolling return is 15.23 per cent since the end of 2007, while its cumulative three-year return is 9.44 per cent.”
James Mahon said “We pride ourselves in the delivering the returns our investors expect and achieving that on a consistent basis at low volatility.”
Read the full article here.