Monday, 1 September 2014
Last updated 3 days ago
Sep 27 2013 | 10:50am ET
Schroders is set to add a long/short credit strategy to its UCITS hedge fund platform later this year.
The fundamental Schroders GAIA Avoca Credit Fund will debut in November and will subsume Avoca Capital Management's existing UCITS-compliant fund, Avoca Credit Absolute Return. The strategy will continue to be managed by Avoca's Simon Thorp and James Sclater.
Avoca bought the strategy from Liontrust Asset Management two years ago. It has produced annualized returns of nearly 10% since 2002.
"We are very pleased to be partnering with Schroders, which has established one of the leading alternative UCITS platforms," Thorp said. "Having successfully managed this strategy for over a decade, we are excited to be able to offer it to a wider audience via the Schroder GAIA distribution network. We are currently seeing a strong investment case and wealth of alpha opportunities within the long/short credit space as we enter the mature part of the credit cycle and an upturn in the interest rate cycle."
The Avoca fund will be the sixth on the GAIA platform, which now boasts more than €1.8 billion (US$2.4 billion) in assets under management.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...