Aberdeen Standard Investments (ASI) has begun to turn around the long-term underperformance of its Global Absolute Return Strategies (GARS) as it looks to "regain the trust from our clients".
Similar to a number of the largest funds in the Investment Association's (IA) Targeted Absolute Return sector, GARS has suffered years of poor performance leading to sustained outflows. In 2018 alone, SLI GARS shed more than £8bn of assets, according to IA data. AUM now stands at £8.2bn, according to FE. In November, ASI moved to shake-up its overall multi-asset team, appointing ex-Schroders head of multi-asset investments Aymeric Forest as global head of multi-asset investing. It had already added a trio to its multi-asset portfolio management team in August with one, Katy Forbes, joini...
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