Fund launches & closures

Aviva to add UK equity and credit

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Aviva Investors is mulling the addition of two new hedge fund strategies as part of the continued expansion of its alternative investments platform.

One would be a UK-focused long/short European equity fund run by former Magnetar man Julius Lipner, who has been with Aviva for the past several months. The other would be a relative value-based credit strategy, managed within the fixed-income group led by Shahid Ikram that runs the firm's award-winning G7 Fixed Income strategy.

The new additions come at a time of strong performance. Ikram's team is again performing well (with the G7 fund up by some 8%,