Aegon has launched a global absolute return fund targeting investors seeking global macro exposure.
The Aegon Global Opportunities fund will have a discretionary global macro strategy investing in derivative and non derivative assets and is open to institutional and professional retail investors.
The launch of the Dublin-domiciled UCITS III vehicle marks the integration of Aegon's asset management businesses across the world. It will be managed by Olaf Van den Heuvel, who will be supported by a team of five in the Netherlands and the 10-strong multi-asset group in both the UK and Netherlands.
The fund will be denominated in Euro and UK Sterling share classes and has a €100,000 minimum investment. The standard fee will be 1% annual management charge and the performance fee is 20% of outperformance above the three month Euribor +7.5%.
It is initially available in the Aegon's core markets of the UK and Netherlands but will be rolled out across Europe in due course.
"It is our investment philosophy that excessive optimism and pessimism regularly cause over and under valuation of the financial markets," Van den Heuvel says.
"We believe active exploitation of these price anomalies with a process orientated approach in a risk controlled manner will create increased portfolio returns.
"As such, we add value through our top down analysis, which we use to exploit mis-pricings between asset classes and intra asset class aggregates as well as long only positions."
