London-based fund distributor BennBridge has been appointed investment manager for Schroders’ UK Dynamic Absolute Return strategy.
Subject to regulatory approval and due diligence, Schroders’ fund managers Paul Marriage and John Warren will transition to BennBridge in the fourth quarter of 2017 where they will continue to manage Sarfco and SAS UK Dynamic AR funds.
It is anticipated that the SAS UK Dynamic Absolute Return Fund will in the future migrate onto the Schroder GAIA platform, which consists of alternative funds where Schroders acts as distributor with a third-party as investment manager.
Greg Thomas, chief operating officer at BennBridge, said: “Paul and John stood out in terms of their pedigree, extensive experience, robust investment process and excellent long-term track record.
“Since last summer we have been working to build a strong distribution, marketing, compliance and operational platform, which is now in place and awaiting FCA authorisation, and which provides a strong foundation for BennBridge’s future growth.”
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