Aviva Investors closes Absolute TAA fund range

Aviva Investors is shutting its Absolute Tactical Asset Allocation fund range on 11 July as a result of sub-scale net asset value.

The two funds, the Absolute TAA, available in sterling and euro hedge class, and the Absolute TAA 5 fund, denominated in euros, aim to exploit a range of relative value opportunities to generate returns across equities, bonds, cash and currencies lowly correlated to traditional asset classes. The £192m ATAA fund and the €14.5m ATAA 5 fund, launched in 2006 and 2007 respectively, are managed by Adrian Jarvis and Hassan Johaadien. Jarvis and Johaadien will remain at the firm and continue with their other responsibilities, the group said. Aviva Investors announced a restructure in Jan...