Saturday, 28 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…