New York (HedgeCo.Net) – $286.5 billion hedge fund group Aberdeen Asset Management has launched the Aberdeen Dynamic Allocation Fund, the Aberdeen Diversified Income Fund and the Aberdeen Diversified Alternatives Fund. These funds were created on September 24, through the reorganization and renaming of Aberdeen’s previous range of “Optimal Allocation” target risk funds.

These multi-asset funds will be managed in Philadelphia by the Aberdeen Solutions investment team, responsible for $37 billion of assets under management globally as of June 30th, 2012.

“Since the financial crisis, thoughtful investors have recognized the need for widening the strategic allocations of their portfolios beyond traditional U.S.-centric asset classes, while also being cognizant of the important role played by the timely execution of those exposures,” said Nigel Storer, Head of U.S. Development, Aberdeen Solutions.

Richard Fonash, Aberdeen Solutions Senior Investment Manager, comments, “Aberdeen’s global footprint is a key competitive advantage. Combining proprietary internal research with our wide-ranging approach to asset class selection enables the investment team to build what we believe are some of the most interesting mutual fund portfolios currently available to investors.”

Aberdeen Asset Management PLC, the parent company of Aberdeen Asset Management Inc., invests on behalf of institutional and wholesale clients, primarily in equities, fixed income, alternative investment strategies and property.