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Aberdeen adds Henderson special sits to constellation fund

Aberdeen’s multi-manager team is to add the new Henderson New Star European special situations fund to its £116m constellation fund.

The fund, which is managed by Richard Pease, launched on October 1 and has already taken over £50m in assets.

The Aberdeen multi-manager team, which is headed by Graham Duce and Aidan Kearney, says it is keen to bolster its exposure to Europe, having had heavy exposure to both Asia and emerging markets throughout the year.

Constellation will have a 3 per cent weighting to Pease’s fund, bringing total exposure in Europe in the fund to 12 per cent.

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