Aberdeen Standard Investments has continued its push into the passive space, with the launch of a new platform that will allow it to launch products that track hedge fund benchmarks.

The £456bn Edinburgh-headquartered fund manager has unveiled a new platform to launch funds that will track Hedge Fund Research's flagship HFRI 500 index, which is comprised of 500 hedge funds. The first strategy is targeting an initial fundraising of $500m by May 2021 and will have capacity of more than $50bn.