Schroders partners with ex-Liontrust duo for credit long/short strategy

Schroders has joined forces with Avoca Capital Management to launch a credit long/short strategy on GAIA, its alternative UCITS platform.

The Schroder GAIA Avoca Credit fund, due to launch in November 2013, will be managed by Avoca's Simon Thorp and James Sclater (pictured) and aims to deliver an annualised 7-10% net of fees. The pair, who joined Avoca from Liontrust in 2011 when the former purchased the latter's credit business, will merge their existing UCITS fund, the Avoca Credit Absolute Return fund, into the new vehicle upon launch. GAIA Avoca Credit, the sixth fund on the platform, will focus on European corporate credits and financials, with smaller allocations globally to regions such as emerging markets. "H...