Seeded with £40m from institutional investors, the Aberdeen Diversified Growth Fund is a multi-asset proposition that will be promoted to wholesale and institutional investors, primarily as a pension offering.
It will have a low equity weighting, instead focussing on fixed income and alternative assets, including property, and will have a strategic tilt towards Asia and emerging debt and equity markets.
The portfolio will be managed by Mike Turner, head of global strategy and asset allocation and his ten-strong multi-asset team. Turner has the discretion to invest in Aberdeen’s own funds as well as third-party, long-only and hedge funds assisted by the firm’s multi-asset team run by Graham Duce and Aidan Kearney.
