A group of UK multi-asset megafunds are hoping an uptick in their performance this year can be sustained – and win back jaundiced investors. The funds raked in billions by promising equity-like returns with lower risk, but failed to meet expectations.

The trio of funds – Standard Life Aberdeen’s Global Absolute Return Strategies, or Gars, Invesco’s Global Targeted Returns, and the Aviva Investors Multi-Strategy fund, or Aims – all share a common heritage and personnel. For several years earlier this decade, they were all wildly popular among UK investors.