Cazenove Absolute Equity Limited is a closed-end investment company. The investment objective of the Company is to seek to achieve absolute returns. The Company invests in a portfolio of long/short equity funds, (the Underlying Funds). The Company invests in five Underlying Funds, each managed by Cazenove Capital Management Limited: Cazenove European Equity Absolute Return Fund Limited, Cazenove UK Dynamic Absolute Return Fund Limited, Cazenove UK Equity Absolute Return Fund Limited, Cazenove Leveraged UK Equity Absolute Return Fund Limited and Cazenove European Alpha Absolute Return Fund Limited.