‘Gars' - the sounds of vague irritation or exasperation that could well have been emanating from Standard Life Investments (SLI) this week.
As in ‘Gar, Fundhouse has just released its latest update on our Global Absolute Return Strategies fund'. ‘Gar, the fund research firm has maintained its ‘negative Tier 3' rating because it is worried about a lack of diversification in the portfolio'. And ‘Gar, shall we come up with a new comment or just dust off whatever we said when the same thing happened back in 2014 and 2015?" In the end, an SLI spokesperson offered a straight bat, observing: "From inception to the 2015 year-end, around 60% of the strategies within GARS delivered a positive return. In our multi-asset suite of produc...
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