SLI GARS loses largest IA fund crown to Woolnough's Optimal Income

Was once £26bn

Laura Dew
M&G's Richard Woolnough

M&G's Richard Woolnough

The Standard Life Investments Global Absolute Return Strategies (SLI GARS) fund has lost its position as the largest fund in the Investment Association universe, after seeing outflows on the back of a period of poor performance.

The absolute return fund, which was launched in 2008, once held more than £26bn in assets under management, significantly more than any other fund in the universe. At the start of 2017, it was £25.8bn...

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