Aberdeen launches latest alternative Ucits fund

CommoditiesAberdeen Asset Management has launched its latest Ucits “alternative” fund that invests in equities but aims for less correlation with traditional markets.

The Aberdeen Alternative Diversified Equity Fund blends a portfolio of equity-related alternative strategies and offers investors “access to high quality alternative investment talent in a liquid and regulated vehicle”.

The minimum investment is $1 million (€947,000) and an unnamed German institutional investor has seeded the Ireland-domiciled fund.

Aberdeen’s hedge funds team led by Russell Barlow has constructed the portfolio using alternative Ucits investment managers.

The annual management fee is 0.6%.

Barlow said: “Finding ways to generate good returns with limited exposure to broad market movements has become a priority for many investors.  Political and economic uncertainty has been causing notable market turbulence; and the risks look to be increasing rather than decreasing.”

Aberdeen’s latest launch follows on from the Aberdeen Alternative Strategies Fund in August 2015.

©2016 funds europe

Upcoming webinars

Fund oversight and compliance are crucially important features of the modern investment landscape. Our panel discussion will examine current challenges and assess why it's time to integrate, automate and digitise.

Approaching the 2030 Sustainable Development Goals midpoint, Clarity AI analysis reveals a mismatch: a $3.7T gap, urging investors to bridge it and align sectors for global progress.