Aviva Investors Multi-Strategy Target Return

Launched in 2014, AIMS currently manages £2.7 billion in assets, making it one of the larger strategies in the liquid alternatives space. The fund aims for an average annual return of 5% above the Bank of England base rate over any rolling three-year period, with less than half the volatility of global equities. It comprises 20-30 diversified strategies with medium to long-term horizons, covering equities, interest rates, credit, currencies, commodities, inflation, REITs, convertibles, and volatility. These strategies fall into three portfolio buckets: Market Strategies capture risk premia from traditional asset markets, leveraging economic cycle analysis to invest in favourable markets and sectors. Opportunistic Strategies aim for uncorrelated returns, exploiting market mispricings caused by overreactions or actions of non-profit-maximizing agents. Risk Reducing Strategies protect capital, generating positive returns during market stress and maintaining flat to slightly positive returns otherwise.