SLI GARS loses largest IA fund crown to Woolnough's Optimal Income

The absolute return fund, which was launched in 2008, once held more than £26bn in assets under management, significantly more than any other fund in the universe.  At the start of 2017, it was £25.8bn in size but this had fallen to £21.1bn by 30 November 2017, according to data from Lipper. In August, the company reported net outflows from GARS in the first half of 2017 of £5.6bn, compared to inflows of £300m for the same period the previous year. The fund produced positive returns of 5.5% and 2.8% in 2014 and 2015 but has failed to outperform its sector since July 2016 which mean...