Schroders : launches new multi-strategy fund, with Wellington, on the GAIA platform

Schroders announces the launch of Schroder GAIA Wellington Pagosa on its alternative UCITS platform. The new fund, which will be managed by Wellington Management, will invest across a range of Wellington's alternative strategies to provide investors a diversified and consistent return stream.

The fund is based on Wellington's existing 'Pagosa' strategy, which has been managed by Christopher Kirk and Dennis Kim since its inception in January 2012. The 'Pagosa' strategy has over $2 billion in assets under management and invests across nine strategies (with 60% in equity and 40% in fixed income strategies).

The strategies that the fund allocates to are carefully selected to create a diversified fund with multiple return drivers, and less exposure to individual strategy and manager risk. The fund currently allocates to macro, long/short equity, absolute return fixed income, and market neutral strategies.

Eric Bertrand, Director of GAIA Platform, said:

'We are delighted to be one of only a few in the market offering a liquid alternative multi-strategy fund to investors. 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. Furthermore, within the existing 'Pagosa' strategy, on which the new GAIA fund will be based, Christopher and Dennis have an excellent track record and a proven investment process.'

Christopher Kirk and Dennis Kim, Portfolio Managers at Wellington Management, said:

'We are thrilled to be partnering with Schroders to make this strategy available to clients across the globe through Schroders' strong client relationships.

We can't predict exactly what will happen over the next five years, but we believe that the path is unlikely to be as smooth as we have seen over the past five. In this context, we think a more diversified multi-strategy approach can be beneficial to client portfolios; providing diversification benefits, volatility dampening and a return stream that is less correlated with risk assets.'

For further information, please contact:

Lucy Cotter Tel: +44(0)20 7658 3365/ lucy.cotter@schroders.com

Sarah Deutscher Tel: +44(0)20 7658 6139/ sarah.deutscher@schroders.com

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*as at 30 September 2017