Standard Life Investments' Global Absolute Return Strategies (GARS) range has passed the £30bn mark, according to the firm.
GARS' popular UK-domiciled retail fund has seen assets swell to £18.5bn, from £13bn a year ago, as investors continue to pour in money.
Combined with the offshore SICAV, a US mandate run for John Hancock, and funds from the company's own internal pension scheme, total assets in the strategy now stand at £30.7bn, the firm revealed yesterday.
In recent weeks, fund buyers have urged caution when investing in the range, with GAM's Charles Hepworth selling out of the vehicle in favour of Tim Bond's £80m Odey Odyssey fund.
"GARS is getting bigger and bigger," he said. "Although they seem to be able to manage it, the flexibility and nimbleness you need in that space is better served through a more boutique name."
However, GARS strategist Andy Ford said the team, now headed by Guy Stern after the departure of Euan Munro to Aviva Investors, have been managing the strategy as though it was of a greater size.
"Flows have continued to be materially positive, but we do not think it will be an issue," he said.
"There are no strategies that have driven returns in the past that we cannot access now."
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