In a new position with UK asset manager Cazenove Capital Management, former Deutsche Bank hedge fund specialist Tim Love will launch two new absolute return funds in coming months, including a developed markets global equities fund that invests in countries generally considered to be emerging markets.

Toward the end of May, Love will be responsible for managing a new global equities long-short fund capped at $1.5bn (€1.2bn) that will allocate up to a third of its portfolio in countries traditionally considered to be emerging markets including Mexico, Brazil, South Africa, Russia, Korea, China and India.