Skandia to open MM alternatives fund next week

Understood to be the UK’s first single retail fund to enable access to primarily institutional alternative vehicles, the multi-manager offering blends together 10 alternative investments – including timber, water and currency. The Skandia Alternative Investments fund will run in the IMA Absolute Return Sector and is typically expected to deliver a total return over rolling 12-month periods. It will be available to advisers via Skandia’s life and pensions products, the Selestia platform and Skandia International’s offshore bonds. SIG says the vehicle will be added to FundsNetwork and Cofun...