GARS: How can SLI retain support?

Group works to reassure investors after key departures.

One of the UK’s biggest retail funds, Standard Life Investments’ £18bn Global Absolute Return Strategies (GARS), has suffered another blow as it was announced co-founder Euan Munro is leaving to become CEO of Aviva Investors. Munro, head of multi-asset at SLI, was instrumental in developing the dozens of strategies used on the product since launch five years ago. He has also overseen strong performance on the vehicle over the past five years. GARS has returned 45% during this time, well ahead of the IMA Absolute Return sector average of 21.9%. This has helped attract a legion of fo...