GARS launched into Sweden
Standard Life Investments’ €8bn Global Absolute Return Strategies fund is now available to Swedish investors.
The Sicav sub-fund has grown fast since it launched in 2005, with over 330 institutional investors already attracted to the abilities of the fund’s 24 investment professionals to roam a broad range of investment opportunities.
Åsa Norrie, head of the Nordic region for SLI, said: “GARS was the best selling retail fund in the UK in 2010, so I am very pleased that Swedish investors now will have access to Standard Life Investments’ expertise in investing for absolute return. We have a big team behind GARS, with an enormous amount of experience in both alpha generation and strong risk management. This combination has made it possible for the fund to deliver equity like returns with about a third of the volatility. This is an attractive alternative in today’s environment of low growth.”
SLI has been active in the Scandinavian market since 2006, and manages assets for a number of clients, including Länsförsäkringar, Electrolux, Landstinget Gävleborg, and two of the AP funds. It also has partnership agreements with banks and financial services firms such as Nordea, Merrant and Aktia.