The new Fund is scheduled to launch in February 2013 and it is a fundamental long/short equity fund, which invests primarily in US mid and large-cap companies with potential exposure to Asia and Europe.
GAIA is a regulated, transparently operated platform for UCITS funds designed to give investors easier access to hedge funds.
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The Fund will be managed by the same team that manages the existing Sirios US equity long/short hedge fund, which was launched in July 1999. The team of ten investment professionals will be led by Sirios’ co-founder and managing director John Brennan.
Commenting on the launch, Eric Bertrand, director, Schroder GAIA, said: "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. Schroder GAIA Sirios US Equity provides an opportunity to extend availability of this exciting and compelling strategy to a wider audience."
Currently, on the GAIA platform, Schroders has five funds, three managed by external hedge fund managers (Schroder GAIA CQS Credit, Schroder GAIA Egerton Equity and the new Schroder GAIA Sirios US Equity) and two managed internally (Schroder GAIA QEP Global Absolute and Schroder GAIA Global Macro Bond).
