Fund launches & closures

Biggest alternative UCITS fund arrives in Switzerland

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The largest fund in the Absolute UCITS database, Global Absolute Returns Strategies, has been registered in Switzerland by fund manager Standard Life Investments.

SLI has registered its SICAV range of funds in Switzerland which will also give Swiss investors other funds from the investment manager’s range of funds.

The new registration widens the SLI distribution footprint in the European institutional and wholesale markets, and allows Swiss investors to access its $20.6 billion GARS fund.

Toby Rockingham, investment director for Europe, says: “In recent months we have seen growing interest in Switzerland for multi-asset investment solutions, as volatility is of increasing concern.