SLI hires ex JPMorgan strategist as multi-asset director

Standard Life Investments has hired Adam Rudd to the multi-asset investment team as investment director.

Rudd previously worked for JPMorgan in New York as equity derivatives strategist.

In his new role he will be based in Edinburgh, reporting to Guy Stern, head of multi-asset fund management.

He is joining a team of 25 that provides analysis, investment recommendations, strategies and management of SLI’s range of multi-asset funds.

Euan Munro (pictured), head of multi-asset investing and fixed income, said: “Adam’s skills as a quantitatively oriented derivatives specialist will add to the range of knowledge and experience within the multi-asset team.”

Like many of its competitors, Standard Life Investments has also seen an upsurge in demand for its multi-asset solutions. Its Sicav absolute return fund has seen significant inflows this summer.

Having started out with just £1bn in multi-asset strategies in its own pension fund a few years ago, the firm has grown its capabilities in global absolute return strategies to £19.2bn.

SLI now offers tailored multi-asset mandates that invest in equities, bonds, real estate, cash and private equity. It has also developed absolute return strategies which seek to provide consistent returns over a long term investment horizon.

The investment approach hinges on achieving maximum diversification in the portfolio. As a result, year to end of June both the retail and institutional multi-asset funds have returned over 7%, well above the LIBOR six month return rate of 1.3%.

Standard Life Investments has £163.4bn (€204.2bn) in assets under management. Apart from its headquarters in Edinburgh, it has offices in Boston, Hong Kong, London, Beijing, Montreal, Sydney, Dublin, Paris and Seoul.

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