Wednesday, 23 July 2014
Last updated 25 min ago
Jan 16 2008 | 2:13pm ET
Schroders has added a Diversified Completion Fund to its stable of multi-asset strategies. The fund, which provides access to a range of alternative asset classes, is currently marketed to a broad range of pension fund clients and is designed to “sit alongside a traditional equity portfolio.”
The new product will contain a range of alternative asset classes, including hedge funds, private equity funds, commodities, global property, infrastructure, high-yield and emerging-market debt, according to Johanna Kyrklund, head of the U.K. multi-asset team. The fund will invest in the firm’s internal as well as external funds.
“This new fund strategy has evolved from our well established Schroder Diversified Growth Fund, a fund which currently has over 55% invested in alternative assets and over £1 billion (US$1.96 billion) funds under management,” said Kyrkland. “As a pure alternatives fund, the Diversified Completion Fund, will offer a broader range of alternatives in its portfolio.”
The Schroder Diversified Completion Fund is targeting a return of LIBOR plus 2% to 4% annually over rolling five-year periods, net of fees.
Schroders is a global asset management company with £137.7 billion ($280.5 billion) under management as of the end of September 2007.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…