Schroders has launched a multi-strategy alternatives fund on its GAIA platform to be run by former hedge fund manager Robert Donald.
The Schroder GAIA Helix fund will provide investors with access to a blend of the firm's alpha-generating strategies and has been designed for investors looking for exposure to highly-liquid, multi-strategy alternative funds.
It will aim to deliver returns with low market correlations and will include long/short and long-only alpha equity strategies as well as being diversified across credit, fixed income and FX asset classes.
Donald joined Schroders last January from hedge fund Brummer & Partners where he had been a portfolio manager, and has also previously worked at Soros and GLG.
In his role as chief investment officer for Helix he will be supported by the broader Helix investment team. They will allocate capital to the fund's underlying investment sleeves, which in turn will be managed by the group's investment professionals as part of existing funds.
Donald said: "Helix will bring a strong and attractive blend of Schroders' alpha-generating investment expertise to investors. The fund has been designed for investors looking to access multi-strategy funds that aim to offer consistent and attractive returns with low correlations to markets.
"Growing Schroders' alternatives and hedge fund capabilities are strategic objectives for the firm. We believe we are well-positioned to draw on a strong pool of investment talent to deliver a highly differentiated product for the ultimate benefit of our clients."
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