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Schroders launches in-house 'alpha generating' multi-manager fund

Robert Donald will be CIO for GAIA Helix

Schroders launches in-house 'alpha generating' multi-manager fund

Schroders is to launch a multi-manager fund offering a balanced single blend of the the company's 'alpha generating' strategies.

The Schroder GAIA Helix portfolio will be helmed by former Soros Fund and GLG fund manager Robert Donald (pictured), who joined Schroders in January 2017 from Brummer & Partnerss.

The fund will mostly be invest in long/short and long-only equity strategies offered within a daily-dealing Ucits framework.

Schroders is offering an ongoing charge of 1% and performance fee of 15% for the investors of the the first $150 million (£117 million) in assets. Thereafter the company will charge 1.38% and 20%. 

Donald said: 'Helix will bring a strong and attractive blend of Schroders’ alpha-generating investment expertise to investors.

'The fund has been designed for investors looking to access multi-strategy funds that aim to offer consistent and attractive returns with low correlations to markets.

'Growing Schroders’ alternatives and hedge fund capabilities are strategic objectives for the firm.

'We believe we are well positioned to draw on a strong pool of investment talent to deliver a highly differentiated product for the ultimate benefit of our clients.'

Diversification across credit, fixed income and foreign exchange asset classes, subject to market opportunities, will also be offered, Schroders' said.

In October, Lloyds and Schroders teamed up for a financial planning joint venture, which aims to launch by the end of H1 next year.

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