Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a761150

Gars in their eyes: the challengers coming after the SLI giant

by Eleanor Lawrie on Jul 10, 2014 at 07:15

Gars in their eyes: the challengers coming after the SLI giant

The launch of Aviva’s Gars-like rival has been eagerly awaited since Euan Munro (pictured) the architect of Gars, joined the firm back in January.

But few could have predicted how ambitious Aviva’s new absolute return strategy would be: three funds in the pipeline, with the aim of raising £10-15 billion, which they say could double the fund house’s profitability in the process.

And Aviva is not the only one hoping for a slice of Standard Life Investments’ (SLI) Global Absolute Return Strategies ’ £20.6 billion market share.

In recent weeks, BlackRock launched a low risk absolute return fund, while last September, Invesco Perpetual launched a challenger fund to SLI with three ex-Gars managers.

As all three multi-strategy absolute return funds compete to generate a positive return, can they succeed in attracting the billions they are targeting?


The juggernaut: Standard Life Investments’ Global Absolute Return Strategies fund

Fund size: £20.6 billion

Management team: A-rated Guy Stern, Ian Pfizer, Roger Sedewsky and Katy Forbes

Three-year return: 17.7% vs 9.4% by Alternative Ucits Multi-Strategy sector average

Five-year return: 44.4% vs 29.6% by sector average

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

Look up the fund managers

  • Euan Munro
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Guy Stern
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Roger Sedewsky
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Katy Forbes
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Peter Fitzgerald
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Daniel James
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Neil Woodford
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Shauna Bevan
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet