Schroders has partnered with Wellington Management to launch Schroder GAIA Wellington Pagosa on its alternative Ucits platform.
The new fund will be managed by Wellington Management and 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 over $2bn in assets under management and invests across nine strategies (with 60% in equity and 40% in fixed income strategies).
It will be managed by Christopher Kirk and Dennis Kim, who have been responsible of the fund since its inception in January 2012. 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 have seen huge demand from clients for multi-asset strategies and 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, Kirk and Kim have an excellent track record and a proven investment process.”