Hedge Funds

Standard Life to sub-advise 25% of UBS PACE fund

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Standard Life Investments has been selected by UBS PACE Select Advisors Trust to sub-advise 25%, equivalent to $116.5 million, of the UBS PACE Alternative Strategies Investments fund.

Standard Life will use is its Global Absolute Return Strategies portfolio, which seeks to deliver an absolute return similar to what might be expected from equities in the long-term, but with significantly less risk.

The Global Absolute Return Strategies portfolio is a dynamic multi-asset, multi-market strategy that has more than $8 billion in assets and 260 institutional clients. The strategy has delivered gross annualised returns of 10.75% over the last three