Aberdeen launches $500m liquid alts fund

Aberdeen Asset Management has announced the launch of the Aberdeen Alternative Strategies fund, which is intended to offer access to a $500m portfolio of alternative strategies that can provide diversification against traditional asset classes.

The new fund is a regulated Ucits vehicle designed to offer liquidity to investors. Seeding was pushed by Aberdeen, and it has attracted early investment from existing clients, the manager said. The fund will select alternative investment managers to run dedicated mandates within it. Selection will be made by Aberdeen’s hedge fund team. Russell Barlow heads the team of some 18 investment professionals, and reports to global head of Alternatives Andrew McCaffery.

The launch is part of a strategy of diversifying and growing the manager’s Solutions business, which has also been linked to recent acquisitions of Arden Asset Management LLC and Flag Capital Management. Total AUM of Aberdeen’s alternatives platform have passed the $30bn mark following these acquisitions. The manager cites recent PwC research suggesting alternative assets globally could double to over $15trn by 2020.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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