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SLI chief Skeoch defends Gars track record after ‘strange’ 2016

Standard Life Investment’s chief executive officer has defended the long-term track record of its flagship Gars fund after an admittedly ‘strange’ year for the giant multi-strategy approach.

Speaking exclusively to Citywire, Keith Skeoch said the fund had proven its ability to ‘endure’ despite posting underwhelming returns over the course of 2016.

In a show of support, Skeoch said he has his entire personal pension, in a UK vehicle called a SIPP (Self-Invested Personal Pension) currently exposed to the fund.

Skeoch also discussed the potential capacity constraints on the fund and what areas of the market had aided stronger year-to-date returns.

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