Schroders has launched a fifth fund—the Schroder GAIA CQS Credit fund, an unconstrained credit long/short product—on its UCITS platform.
The new fund will be managed by CQS, a global multi-strategy asset manager with US$10.3 billion under management. CQS was founded in 1999 by Michael Hintz. The fund will be managed by the same team that manages the CQS Credit Long Short Fund, led by CQS’ CIO, Credit, Simon Finch, who has 17 years’ industry experience.
Said Gavin Ralston, global head of product at Schroders:
“Our latest Schroder GAIA partnership with CQS, which is regarded as one of Europe’s premier alternative asset management firms, significantly diversifies our UCITS offering. Credit long/short is an under-represented UCITS strategy and there have been few industry leader launches in this space. We are therefore extremely pleased to be able to expand our capabilities here and be associated with a firm that has such a strong track record of performance in managing credit.”
Schroders’ UCITS platform, Schroder Global Alternative Investor Access, was designed to give investors easier access to hedge funds and launched in November 2009.
Schroders is a global asset management company with US$307.9 billion under management as at 31 December 2010.