Rob Gleeson, head of FE Research, has moved towards simpler strategies in a bid to minimise risks in portfolios having become "disillusioned" with funds in the absolute return sector.
The most recent rebalancing of FE's Invest Approved List last month saw the removal of the £26bn Standard Life Global Absolute Return Strategies (GARS) vehicle from the list, as the firm had reservations about its risk management process. Instead, the team added the JPM Global Macro Opportunities fund to the list to balance out its absolute return exposure. IW's podcast on absolute return funds: Performance issues, charges and FCA scrutiny Commenting on the move, Gleeson (pictured) told Investment Week: "Multi-strategy funds have been doing really well, but it is all starting to un...
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