NEWS - HEDGE FUNDS
Schroders has made hedge fund group Sloane Robinson accessible to retail investors with the addition of a new fund to its GAIA platform.
The GAIA Sloane Robinson Emerging Markets fund, which will launch on 30 June, will be run by Richard Chenevix-Trench, the chief investment officer and member of the group's emerging markets team.
The firm recently boosted this team by hiring Christopher Morrell, manager of JP Morgan's Emerging Markets Alpha Plus fund.
Chenevix-Trench says: "Platforms are increasingly popular among investors looking to combine the return profile of hedge fund strategies with the liquidity, transparency and regulatory stability of Ucits."
Gavin Ralston, Schroders' global head of product, says: "We are extremely pleased to be joining forces with Sloane Robinson, a highly regarded manager in emerging markets."
The firm's 14-year old flagship emerging markets fund made 25% annualised since its launch in 1996.
Schroders' platform also houses the Egerton European Equity, run by Egerton Capital, another of London's low profile hedge funds.
Eric Bertrand of NewFinance Capital, Schroders' fund of hedge funds, says Sloane Robinson's investment style, and use of cash to adjust market exposure were appealing.
About two-thirds of Sloane Robinson's equity assets are in emerging markets. Total assets have rebounded to $8.2bn since the middle of last year, however they are still below an estimated $15.1bn in mid-2008.
The Emerging Markets fund has a sterling share class and requires a minimum investment of $5,000 (£3382).
Categories: Hedge Funds
Topics: Schroders
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