Schroders has passed the US$1 billion mark on its alternative UCITS platform, Schroder GAIA.
The firm says the platform now has assets under management of US$1.03 billion—a total reached in just 18 months.
The platform is now home to five funds, three managed by external hedge fund managers and two managed internally. The most recent edition was the Schroder GAIA CQS Credit fund.
Said Schroder GAIA Director Eric Bertrand: “This is a tremendous milestone for Schroder GAIA only a year and a half since launching the platform. It is testament to the strength and weight of Schroders’ global distribution network as well as the credibility of the high quality internal and external fund managers that sit on Schroder GAIA.”
Schroders is a global asset management company with US$322.8 billion under management as of March 31, 2011. Clients include pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.