Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

SLI launches high-octane version of Gars with 7.5% target

SLI launches high-octane version of Gars with 7.5% target

Standard Life Investments (SLI) has launched a high-octane version of its Global Absolute Return Strategies (Gars) fund.

As revealed by Wealth Manager last year, SLI was building the fund under the moniker Project 750 to reflect the strategy's potential return.

After the successful testing, SLI has launched the fund for institutional investors in December with international support totalling €110 million (£91.9 million). Clients include pension funds and discretionary wealth managers from three countries.

Called Global Focused Strategies (GFS), the absolute return fund aims to deliver a return of cash +7.5% with a volatility of between 6% to 12%. David Sol (pictured left) and Neil Richardson (right) serve as co-lead managers on the fund.    

'Operating with broad investment freedom within rigourous risk controls, GFS invests actively within and between all major asset classes and across the corporate capital structure,' Guy Stern (pictured), SLI head of multi-asset and macro investing said.

'It can also make extensive use of derivatives to implement positions and mitigate risk. This allows GFS to access an exceptionally diverse array of strategies, so it can generate positive returns irrespective of the economic environment.'

The fund is registered as a Luxembourg Sicav with share classes in multiple currencies. It is priced daily with no notice-period and has a flat fee of 1.2% per annum, with no performance-related component.

'GFS is an advanced fusion of our macro and micro capabilities, underpinned by our team-based approach and multi-asset risk and portfolio management expertise,' Stern said.  

'It benefits directly from the experience and insights of our equity, fixed income, real estate and money market specialists. This allows GFS to fully exploit our investment views to enhance portfolio efficiency.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter