Aviva Investors plans to launch a low volatility absolute return fund as it simplifies its product offering following the arrival of Euan Munro as CEO, Investment Week can reveal.
Standard Life Investments has moved to stop smaller platform investors from accessing its Global Absolute Return Strategies (GARS) fund's cheaper institutional share class by closing a loophole that waived the minimum investment.
US fund manager GAM has liquidated its underperforming GAM Star GEO fund run by Paul Udall after assets dwindled to under £10m.