Analysts Downgrade GARS Fund on Manager Change

Morningstar analysts have downgraded SLI Global Absolute Return Strategies to Neutral from Bronze as a result of team turnover

Francesco Paganelli 18 December, 2018 | 10:25AM

fund manager quits SLI GARS analysts downgrade rating

The lead manager of Aberdeen Standard Investments Global Absolute Return Strategies is set to leave the fund in 2019, and his replacement is new to the firm. The change creates uncertainty in both the team structure and its ability to efficiently execute the process over the long term. The fund’s Morningstar Analyst Rating is downgraded to Neutral from Bronze as a result of the turnover.

Guy Stern, who has led this global macro strategy since 2013 and has been a key team member since 2008, is set to retire and will be replaced by Aymeric Forest in February 2019.

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About Author

Francesco Paganelli  is a Fund Analyst for Morningstar in Italy

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