Standard Life Investments wins UBS mandate
October 15, 2010
Edinburgh-based Standard Life Investments has been selected, on a sub-advisory basis, to manage a quarter amounting to around $116.5 million of UBS PACE Alternative Strategies Investments.
Managing its portion of the fund is Global Absolute Return Strategies or GARS portfolio which started using the UCITS III wrapper on 20 September this year and was developed in November 2005 to satisfy the requirements of its own defined benefit pension plan.
The GARS portfolio uses a multi-asset, multi-market strategy and has more than $8 billion of assets...
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