Schroders Targets Pensions With ‘Pure’ Alternatives Fund

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.


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