Natixis launches US Leaders fund with backing from Aberdeen

Natixis Global Asset Management (NGAM) has launched its second onshore fund, the Loomis Sayles US Leaders fund, with seed money from Aberdeen Asset Management.

The fund, managed by Aziz Hamzaogullari, was launched on 4 April, with Aberdeen contributing around $5m (£3.25m) as seed money through the Aberdeen Multi-Manager Constellation portfolio, and the same amount coming from Natixis. The new offering is a high conviction US equity fund with a low turnover and a concentrated portfolio of around 30-35 stocks. It invests primarily in large-cap US growth stocks which the team thinks are trading at a significant discount to intrinsic value. The investment process is organised around quality, growth and valuation. Ed Farrington, managing direc...