Standard Life Investments is preparing to roll-out a number of regional variants of its £18bn Global Absolute Return Strategies fund, as well as a simplified version of the vehicle, IFAonline's sister title Investment Week can reveal.
The new funds will include a multi-asset emerging markets fund, other geographical variants of GARS, as well an equity and fixed-income focused offering that strips out some of the fund's directional and relative value strategies.
All will be run by the group's multi-asset team, which last week saw founder member Euan Munro exit to become CEO at Aviva Investors.
SLI is pressing ahead with its plans for a raft of new GARS launches despite Munro's departure, believing the additional vehicles can help address concerns over the capacity of the existing £18bn offering.
The new funds will be made available to investors later this year or in early 2014.
SLI's Andrew Milligan (pictured), head of global strategy on the multi-asset team, told Investment Week the new funds will provide more choice to investors at a time when GARS's huge inflows begin to slow.
"We can all draw the line of rapid growth then flattening out, because that is what most funds do," he said. "We are in the middle phase, but at some point it is going to flatten out.
"That is why we are developing some of the variations and derivatives to provide choice and deal with capacity problems, as well as to provide new flows as and when GARS flattens out."
SLI's multi-asset team already runs the £327m Absolute Return Global Bond Strategies fund, an institutional offering which employs many of the positions utilised by GARS itself.
A spokesperson for SLI said the fund group had "a number of projects in the pipeline and likely to launch, subject to regulatory approval, over the next couple of quarters. There are no delays to our current programme."
GARS has returned 45% in five years to 12 July, according to Morningstar, compared with an average return of 21.9% for the IMA Targeted Absolute Return sector.
What made financial headlines over the weekend?
The chairman doggedly tries to be amusing
'Profitability is almost a myth'
Active Wealth in liquidation
Cautious welcome for volatility