Friday, 28 November 2014
Last updated 8 hours ago
Apr 7 2011 | 9:57am ET
Aberdeen is hoping a new name and a stronger focus on total return will be a recipe for success for its £8m MM Multi Asset Growth fund which, as of next week, becomes the Aberdeen MM Diversified Alpha fund, a multi-asset portfolio of UCITS funds.
Over the past three years, the MM Multi Asset Growth fund has returned 20.86% versus 26.34% by the LCI Mixed Asset GBP index.
Aidan Kearney and Graham Duce will continue to manage the fund, which can now hold up to 100% in total return funds (previously, it had been able to invest 50% in directional-only funds and 50% in total-return vehicles).
In addition to the name change, the fund’s annual management charge has been trimmed from 1.5% to 1.25%.
Kearney chalks the changes up to the growth in absolute return funds (an estimated 71% of European hedge fund managers either manage or are planning to launch UCITS III funds) and the increased choice in the sector:
“The absolute return sector was not in existence when the fund launched three years ago, and there was a small library of funds available in this universe," he said. "But now there is a greater expanse of absolute return funds and a broadening out of the strategies available. With so many already on the market and yet more to follow, a multi-manager approach seems sensible for those intermediaries and investors without the time and skill set to filter down the universe."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...