Aviva Investors has been awarded a $12.6 million (£8 million) mandate to run part of the UCITS-compliant Skandia UK Strategic Best Ideas Fund.
Julius Lipner, fund manager for the Aviva Investors UK Absolute Return Fund, is a new fund manager alongside seven others.
Ryan Hughes, senior fund manager for Skandia Investment Group, says that there is a growing recognition by investors of the contribution long/short strategies can make to investor returns in a lower growth world.
He says: “Julius is an experienced and dedicated long/short manager with a background in both hedge fund and absolute return environments. He takes a disciplined, consistent approach to investing with the aim of delivering consistent and stable returns.
“Julius is able to draw on the strength