Standard Life Inv GARs assets rise 46% in 2012

Standard Life HQ Edinburgh 450

Assets in Standard Life Investments’ Global Absolute Return Strategies have risen by 46 per cent in 2012 to stand at over £19bn.

The offering, which has become hugely popular in the IFA space, is up from £13bn at the end of 2011.

The GARs range comprises numerous different investment strategies. In addition to the £13bn fund, which sits in the Investment Management Association’s absolute return sector, there is also a European retail offering and Europe and UK institutional offerings. There is also a staff pension segregated mandate and a US high-net-worth distribution agreement.

The fund range, which was £17bn at June 30, 2012, has continued to rise in the third quarter of 2012, despite a number of the GARs team being poached by Invesco Perpetual for a rival launch last month.

David Millar, Dave Jubb and Richard Batty have joined the Henley-based asset manager as it looks to compliment its global multi-asset team based in Atlanta. Following the departures, SLI have re-shuffled the multi-asset team.

Hargreaves Lansdown head of research Mark Dampier says: “I’m not surprised the range has continued to grow despite the departures. The range has continued to perform and does not have a performance fee, while the process has remained the same.”