Aegon to roll-out its first UK absolute return portfolio

Aegon Asset Management is set to launch its first UK absolute return fund by the end of Q1.

The UK-domiciled long/short Ucits III fund will be managed by the 12-strong UK equity team, headed up by Stephen Adams. The fund is not expected to exceed 10% net long or short, bringing it in line with competitors. The new product will provide diversification for existing equity investors and is one of a number of opportunities the group is looking at in the UK equity space. "We have a good track record and have managed to generate good performance in varied economic and market conditions over the last five years," Adams says. "The UK Equity Income fund will be followed by the ...