Skandia unveils first MM multi-asset alternative investment fund

Due to be launched on 23 June, the Skandia Alternative Investments fund, which has been classified to the IMA Absolute Return Sector, blends together ten alternative investment funds. These include: BlackRock Gold & General, Morgan Stanley FX Alpha Plus RC400, JPM Highbridge Statistical Market Neutral, Lehman Commodity Plus and Aviva/Morley Absolute Tactical Asset Allocation. The portfolio will be the only retail fund currently available which gives investors, through a single fund, access to a range of primarily institutional funds which are usually only open to the very wealthy, for as...