GARS suffers second consecutive negative quarter in 'challenging' Q3

This is the fund's second consecutive quarter of negative returns, after losing 1.5% in Q2; its first quarterly loss in two years.  Multi-asset investment director Roger Sadewsky described the third quarter as "challenging" due to the slowdown in China, a sharp fall in commodities and the failure of the Fed to raise interest rates. Positive returns came from strategies such as US large cap versus US small cap equity, US relative interest rates and Australian short term interest rates. GARS exits Brazil but fails to stem recent underperformance However, negative contributors incl...