SLI's Global Absolute Return vehicle hits £500m mark

The institutional version of Standard Life's Global Absolute Return Strategies (GARS) fund has passed...

The institutional version of Standard Life’s Global Absolute Return Strategies (GARS) fund has passed the £500m mark for assets under management. It has attracted more than £225m of new business from pension schemes and other investors in 2008, taking the total AUM to £609m. The vehicle aims to exploit inefficiencies across global markets and to maximise risk-adjusted returns. It invests in a combination of equities, bonds and foreign exchange as well as using advanced techniques such as relative value, duration, credit spreads, inflation and volatility strategies. It was launched in J...