Funds of Hedge Funds

Scottish Widows adds two new multi-manager funds

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Scottish Widows has added two new multi-manager funds to its core pension fund offering. The funds will have an emphasis on hedge funds.

The Scottish Widows Multi-Manager Diversity Fund and the Scottish Widows Multi-Manager Select Boutiques Fund are managed by Mark Harries and Simon Wood, who joined Scottish Widows from Cazenove in 2007.

The Multi-Manager Diversity Fund invests across a wide range of assets and management styles, but nearly 30% of the fund is in alternatives, with allocations to Dexion Trading, BH Global, BH Macro and FRM Diversified. The equity portfolio includes allocations to