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Schroders launches global long/short credit fund
by Matthew Goodburn on Mar 31, 2011 at 09:48
Schroders has announced the launch of its fifth Newcits fund which will be a long/short global credit fund.
Launched on its GAIA platform, the Schroder GAIA CQS Credit fund will be managed by global multi-strategy group CQS which runs some €10 billion (£15 billion), and will invest in investment grade and high yield markets in Europe and the US.
The fund will be lead managed by by Simon Finch, CQS's chief investment officer of credit.
Schroders global head of product, Gavin Ralson, said: ‘Credit long/short is an under represented Ucits strategy and there have been few industry leader launches in this space.’
The UK-based group has already launched two externally managed funds onto the platform; Schroder GAIA Egerton European Equity and Schroder GAIA Sloane Robinson Emerging Markets, as well as its two internally managed funds Schroder GAIA Opus Multi-Strategy and Schroder GAIA QEP Global Absolute .
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