Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Schroders Will Unveil U.S. Version of Multi-Asset Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 20, 2014

Schroders Will Unveil U.S. Version of Multi-Asset Fund

Reported by Anastasia Donde

Schroders filed an application with the SEC this week to launch a U.S. '40 Act version of its Global Multi-Asset Income Fund. A Luxembourg domiciled version of this fund was launched in April of 2012 for European investors and has since grown to as much as $4.2 billion in assets. The fund returned 14.9 percent since inception and has a target return of 5 percent per year.

The fund's strategy involves actively allocating between global stocks and bonds, asset- and mortgage-backed securities, cash and alternative asset classes indirectly through ETFs, REITs or derivatives. It also has the flexibility to implement active currency positions through currency forwards or other instruments, according to fund documents.

The strategy is a part of the firm's Miulti-Asset Investments and Portfolio Solutions Group. Nico Marais, who heads up the group from London, has been working on building unconstrained diversified portfolios for clients that are more goal-oriented than asset-allocation-based and where the products can tactically change positions based on market opportunities.

Marais' group manages $80 billion and has been one of the fastest growing at the firm. "We don't look at asset classes, we look at the risk premium," Marais said, explaining that he has as many as 45 people focused on studying risk. He also has two separate groups working on volatility forecasts.

There are about 100 people in Marais team right now. That number has doubled in the past three years and he is currently interviewing for more investment and client service positions in New York. "We're looking for very senior investment strategists that can engage with clients, as well as portfolio solutions people and client-facing portfolio managers," he said.

The multi-asset class group uses internal strategies at Schroders, as well as external asset managers. The firm is also working on building hedge fund replication strategies that it can bring to the U.S. market. "We want to package them and give them to investors at a quarter of the fee," Marais explained. He said these should be launched in America very soon. "The U.S. is definitely a priority for us," he added.

Schroders, which manages $435.4 billion globally, has $54 billion in assets in the U.S. and is looking to double that figure in the next three years or so, according to Karl Dasher, chief executive officer for North America and Co-Head of Fixed-Income, who spoke at Schroders' media breakfast this week.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use