Schroders has launched a multi-strategy fund operated by Wellington Management in a Ucits form on its GAIA platform.
The Schroder GAIA Wellington Pagosa is based on Wellington’s Pagosa strategy which is managed by Christopher Kirk and Dennis Kim.
The strategy invests across nine strategies, with 60% in equity and 40% in fixed income strategies.
The fund allocates to macro, long/short equity, absolute return fixed income and market neutral strategies.
Eric Bertrand, director of GAIA Platform, said: “Industry wide we have seen huge demand from clients for multi-asset strategies and this is unsurprising given that they have the potential to provide the client with multiple return streams and downside mitigation.”
Schroders has £430.2 billion (€488.3 billion) of assets under management.
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