SLI shrugs off GARS departures as inflows continue

Standard Life Investments has reported a record level of third party AUM as net inflows continue despite the loss of key personnel.

Reporting results for the period to 30 September, SLI said it had seen net inflows of £8.3bn in the nine months to that date, compared with a net £3.2bn last year. Net inflows in Q3, meanwhile, rose by £1.2bn, including £1.1bn of flows from multi-asset solutions: the asset class which includes its GARS offering. Those flows comes despite the exit of key members of the GARS team, including Euan Munro, widely seen as the architect of SLI's multi-asset offering, who left in July. Total AUM at SLI rose to £179.6bn in the first nine months of 2013, up from a starting level of £167.7bn. ...