Wednesday, 1 October 2014
Last updated 2 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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