The fund will attempt to deliver steady, positive returns over the medium to long term with relatively low risk. The fund is managed by Julius Lipner, who has experience with long/short investing during his time at
"Given the wave of recent launches, it is key that investors and their advisers understand the investment process underlying each fund so that they can draw their own conclusions," said John Clougherty, chief executive of Aviva Investors UK Fund Services. "There has been much discussion around the absolute return sector and what the funds are delivering to investors. Julius has a clearly articulated investment approach which we believe can deliver an absolute return in its purest sense."