Threadneedle plans to present the UK Absolute Alpha Fund in quarter four, reinforcing its absolute return fund range. The Ucits III fund will give co-managers Mark Westwood and Chris Kinder increased flexibility in strategy and fund positioning. Westwood says: “This is an exciting time to leverage our expertise in delivering absolute returns for our clients.  With the dislocations of the past few years still fresh in investors’ minds, the opportunity to add value through fundamental and valuation analysis on a long/short basis remain considerable. The Threadneedle UK Absolute Alpha Fund will use the process and techniques that we have successfully employed over the years in our Cayman-domiciled absolute return fund.” The fund is expected to launch in early quarter four 2010.