Monday, 27 April 2015
Last updated 13 min ago
Sep 4 2012 | 9:28am ET
Schroders will launch a UCITS-compliant global macro fixed-income fund next month.
The firm announced that the GAIA Global Macro Fund, which will be managed by its multi-sector team, would join its GAIA platform. The new vehicle will be the fourth on that platform, replacing Schroders' emerging markets joint-venture with Sloane Robinson, which it liquidated last month.
"The next decade is unlikely to look remotely like the last," Bob Jolly, who leads Schroders' multi-sector team, said. "While some progress has been made to address the structural imbalances, the years to come will be characterized by shorter and sharper economic cycles."
Jolly's team will seek to earn 8% over the London Interbank Offered Rate on opportunities offered by those cycles. The fund will invest in currencies, sovereign bonds and other credit strategies.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…