Standard Life's Global Absolute Return Strategies Fund tops the list of liquid alternative funds, according to data from Preqin. The multistrategy UCITS fund had $35.4 billion in assets as of Sept. 30.
J.P. Morgan's Strategic Income Opportunities Fund -- a long/short credit mutual fund -- was the second largest, with $26.9 billion, followed by Goldman Sachs Asset Management’s GS Strategic Income Fund (long/short credit mutual fund), with $25.9 billion as of Sept. 30.
Carlyle Group made headlines last week when the firm said it will be liquidating two mutual funds it started last year in its efforts to target retail customers and defined contribution plans.
Preqin’s April liquid alternatives outlook said 6% of public pension funds and 5% of private pension funds currently allocate to liquid alternative hedge funds.