Aberdeen Multi-Asset to double alternatives

Aberdeen's Multi-Asset fund plans to more than double its exposure to alternative assets over the co...

Aberdeen's Multi-Asset fund plans to more than double its exposure to alternative assets over the course of 2009 in a move to bring the vehicle more in line with its peer group. Currently holding an 8.2% weighing in alternatives, Aberdeen Multi-Asset will make a phased increase to about 20% under its new investment remit. The £491m fund seeks to add selectively in hedge and currency vehicles - as well as in infrastructure, commodities and private equity opportunities. "It is a natural progression - many similar funds in this space have been around for longer and probably have a larger...