SLI's Kerr steps back from Global Advantage fund

Standard Life Investments' Jacqueline Kerr has stepped down from the management of the group's £517m Global Advantage fund, handing it to the group's multi-asset team, led by Euan Munro.

The team, which runs the group’s £7.1bn Global Absolute Return Strategies fund (GARS), is taking over to allow Kerr to focus on her role as head of UK wholesale. “As Standard Life Investments has grown organically, I have had to dedicate more time to the business side, so for this reason I have decided to step down as manager,” says Kerr. “The multi-asset team has been phenomenal with GARS in terms of asset allocation and this is what it will do with the Global Advantage fund.” Kerr will remain as lead manager on the group’s £242m Dynamic Distribution and £95m Managed funds. “I ...