Global asset manager abrdn has announced the launch of the abrdn Eclipse fund platform, which the firm describes as “an industry-first offering for institutional investors” that provides passive exposure to hedge fund strategies underpinned by indices from hedge fund index provider Hedge Fund Research (HFR).
Eclipse offers abrdn’s global clients access to the flagship investable hedge fund benchmark HFRI 500 index – as well as eight sub-strategy indices comprising long/short equity, equity market-neutral, merger arbitrage, event driven multi-strategy, discretionary macro, systematic macro, fixed income relative value, and volatility relative value strategies.
The firm said the launch, which comes after several years of collaboration with HFR, is the latest innovation from the abrdn alternatives team, which includes more than 40 people focused on alternatives research, index and structuring, risk, execution, portfolio construction and operational due diligence. The team oversees some USD14 billion of assets on behalf of clients globally and across a range of active and passive solutions.
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