Schroders has launched a US equity long/short Ucits fund and says there is a big demand for this type of strategy but a restricted supply.
Only 10% of funds of this type are focused on US equities, according to Schroders, yet the London-listed fund management company expects this category to have the strongest inflows this year.
The fund is externally managed and called the Schroder GAIA Sirios US Equity fund. It is part of Schroders’ Global Alternative Investor Access platform which is designed to give investors easier access to hedge funds.
The new fund is a fundamental long/short equity fund and invests primarily in US mid and large-cap companies with potential exposure to Asia and Europe. It is scheduled to launch in February 2013.
The fund will be managed by the same team that manages the existing Sirios US equity long/short hedge fund, which launched in July 1999, and is led by Sirios’ co-founder, John Brennan.
Eric Bertrand, director, Schroder GAIA, says: “We are currently seeing strong demand for products in the US long/short space, with this strategy currently ranked first for projected net inflows in 2013. Despite this clear client demand, products of this type are in short supply, with only 10% of those currently available focusing on the US.”
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