Schroders partners with Indus for L/S Pan Asian equity fund launch

London headquartered Schroders has partnered with Indus Capital to launch the Schroder Gaia Indus PacifiChoice on its Gaia hedge fund platform.

The fund will be invested in equities and equity-related securities in the Asia Pacific region within a Ucits framework.

The strategy will be managed by the investment team at Indus Capital, led by Sheldon Kasowitz, managing partner and co-founder of Indus Capital.

The fund will focus on the full Asia Pacific region including Japan, Greater China, India and Australia. It relies on a combination of bottom-up stock picking with a macro reasearch overlay.

The fund is based on an existing Ucits fund managed by Indus launched in January 2011.

Established in 2000, Indus Capital is specialised in equity strategies investing primarily in the Asia Pacific region including Japan and in emerging markets.

It currently manages around $5.3bn (€6.2bn).

Kasowitz said: “Global macro concerns have taken their toll on Asian markets recently. While external pressures remain, and China’s structural issues will continue to create volatility, the policy framework within the region is broadly attractive, and valuations are at the low to moderate end of the range.

“Our deeply fundamental, bottom-up stock picking approach is well suited to exploit the mispricings, both long and short, being presented across Asia.”

Eric Bertrand, director of Schroder Gaia, added: “We continue to see very strong demand for liquid alternative investment strategies, as clients seek to diversify their portfolios.”

By adding Indus’ strategy, Schroders thus tallies nine funds on its two Gaia platforms, of which eight are managed by external hedge fund managers.

Schroders had €409.7bn in assets under management as of end March 2016.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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