Standard Life Investments has appointed Adam Rudd as an investment director in its multi-asset investment team, which is responsible for managing the Standard Life Global Absolute Return Strategies fund.
Rudd will become part of the asset manager’s 25-strong team, reporting to head of multi-asset fund management Guy Stern.
He previously worked for JP Morgan in New York as vice president, equity derivatives strategist.
Head of multi-asset investing and fixed income Euan Munro says: “We constantly strive to provide clients with the best possible investment solutions and that means having the right people in place to help understand and meet investors’ needs and expectations.
“Adam’s skills as a quantitatively oriented derivatives specialist will add to the already impressive range of knowledge and experience within the multi-asset investment team.”
In September, Invesco Perpetual hired three members of SLI’s multi-asset team to bolster its own multi-asset team, prompting a reshuffle at the asset manager.
Hargreaves Lansdown analyst Rob Morgan says: “Some 25 individuals are involved in running GARS, and despite the recent departure of three members of the team, we believe they have the necessary strength and resources to carry on performing well.
“Following an excellent start to the year, fund performance has been relatively flat over the past few months, though with such a wide variety of strategies within the fund such periods are to be expected.”