The CT Pyrford Global Absolute Return Fund has been awarded a “4 IP“ rating from Research IP, with a score of 4.23/5.
The CT Pyrford Global Absolute Return Fund seeks to provide a stable stream of real returns over the long term with low absolute volatility and significant downside protection. To achieve this, the Fund employs a global multi-asset absolute return investment strategy. This means that the Fund has the ability to move flexibly as determined by the investment manager between three asset classes globally – equities, cash and government bonds.
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What is the Fund’s competitive advantage?
Research IP says
• Strong capital preservation focus: Pyrford’s emphasis on avoiding capital loss over 12-month periods stands out among peers, making it well-suited for defensive investors seeking downside protection.
Research IP, 15 October 2025
• Disciplined, long-term investment approach: The Fund’s benchmark-agnostic, valuation-driven strategy is consistently applied, with minimal reliance on short-term market timing or speculative positioning.
• Lower volatility and drawdown profile: Historical performance demonstrates smoother returns and significantly lower drawdowns than most absolute return or multi-asset peers.
• Highly experienced, stable team: Investment leadership has exceptionally long tenure (25+ years), providing continuity and process integrity often lacking in peer strategies.
• Transparent and repeatable process: The Fund avoids leverage and complex instruments and clearly articulates its asset allocation, stock selection, and currency management frameworks.
• ESG integration: is embedded through Pyrford’s quality bias and long-term sustainability analysis, consistent with CTI’s global stewardship framework.
• Modest size with ample capacity: With AUM well below capacity limits and scalable systems in place, the Fund avoids the liquidity and implementation risks that can affect larger or niche strategies.
• Potential trade-off in strong markets: Conservative positioning may lag peers in bull markets, especially those with growth, credit, or alternative exposures.
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Disclaimer, Disclosures, and Warnings
Research IP strongly recommends this document and report be read in conjunction with the relevant Product Disclosure Statement. Research IP gives no warranty of accuracy or completeness of information in this document. Any information, opinions, views, or recommendations are general information only and do not take into consideration any person’s particular financial situation or goals and therefore does not constitute financial advice. This document should not be relied upon as a substitute for financial advice from your financial adviser.
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