Launches & Closures

Bond version of GARS fund launched by SLI

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Standard Life Investments, which has the largest fund in the Absolute UCITS database, has unveiled its new absolute return bond fund.

The launch follows the success of Edinburgh-based SLI’s Global Absolute Return Strategies which now has an amazing level of more than $10.5 billion assets under management (see earlier story).

The Absolute Return Global Bond Strategies Fund has a conservative return objective compared to the GARS fund, which aims to deliver an absolute return plus 5% per year annum before fees over rolling three-year periods.

The new fund, which launched earlier this year in March, aims to deliver an absolute