Schroders launches US equity long/short fund managed by Select Equity Group

UCITS version of $9.4bn flagship fund

Schroders has launched the Schroder GAIA SEG US Equity fund, a long biased US equity long/short fund managed by New York-based alternatives firm Select Equity Group.

The fund is a UCITS version of SEG's flagship long/short US equity strategy, which launched in 1998 and had over $9.4bn AUM as of December 2022.  It will launch through a merger to accommodate a transfer of shareholders from the firm's existing Select Equity Long Short UCITS sub-fund. Calastone teams up with Schroders on tokenised investment vehicle project The vehicle will offer weekly liquidity and provide investors with exposure to a high-conviction strategy with a research-driven approach that invests in "quality" businesses, Schroders said. Andrew Dreaneen, head of alternat...