My elderly uncle has a substantial investment in the fund below and I would appreciate peoples opinion on if he should stay or get out of it. He doesn't need the money but has had advice recently and was told it hasn't been doing too well which worries him a bit. If he was to leave where might he put it? He has a will made and his worry is the person he's leaving it to (no, not me) might not get what he thought they might. Thanks in advance for any opinions.
"Standard Life Global absolute return strategies"
Absolute return funds are essentially hedge funds.absolute return
To a large extent it depends on what other investments your uncle has. GARS is basically a hedge fund, with the objective of making a return of 5% better than cash, before fees, over three year rolling periods. It has underperformed its benchmark in the past few years. So you invest in it as a hedge against the risks of your other investments. Most people invest in 'long only' funds. There is a definite diversification benefit, therefore, of investing some of your assets in funds such as GARS that can take short positions or take positions in uncorrelated assets. (Note there are other absolute return / non-correlated funds available.) You're not buying this type of fund to get rich, it's to lower the overall risk of your portfolio. (Note I invest in GARS and some equivalent funds.)My elderly uncle has a substantial investment in the fund below and I would appreciate peoples opinion on if he should stay or get out of it. He doesn't need the money but has had advice recently and was told it hasn't been doing too well which worries him a bit. If he was to leave where might he put it? He has a will made and his worry is the person he's leaving it to (no, not me) might not get what he thought they might. Thanks in advance for any opinions.
"Standard Life Global absolute return strategies"
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