Aberdeen Asset Management has launched the Aberdeen Alternative Diversified Equity Fund (AADE Fund).
The Ireland-domiciled fund blends a number of equity-related alternative strategies that focus on generating returns through stock selection rather than market exposure in a single portfolio.
The €200m liquid fund, which is Ucits-compliant, was seeded by a German institutional investor and its launch follows on from that of the $502m Aberdeen Alternative Strategies Fund (as of end September 2016) in August 2015. Minimum investment into the fund is $1m.
The Aberdeen hedge funds team, led by Russell Barlow and managing around $10bn of assets, has constructed the portfolio with a select pool of high quality alternative investment managers running dedicated mandates within the fund.
Russell Barlow, head of Hedge Funds at Aberdeen Asset Management, comments: “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.
“The Aberdeen Alternative Diversified Equity Fund blends together some of our highest conviction alternative strategies, focused on managers employing an equity market neutal style of investing. We have been able to allocate to a range of managers that are otherwise unavailable within the Alternative Ucits space.”
As of 30 June 2016, Aberdeen Asset Management had €362bn of AUM.