LONDON (HedgeWorld.com) – Schroders plc launched its third hedge fund of funds, an aggressive multi-strategy fund called Schroders’ Alternative Investment Fund Blue Mountain.<\/p>\n
The managers of the fund are aiming for annual returns of 10% to 15% with volatility of about 7% to 10%, which is a higher risk profile than its two existing funds, said Toby Joll, executive director for Schroder & Co. Ltd. And by combining the new fund with Schroders two other funds, firm executives believe that investors can tailor their risk and return objectives to their particular needs.<\/p>\n
Blue Mountain, opening to new investors on May 19, will be concentrated in eight to 12 hedge funds and will launch with US$10 million to US$12 million. The fund will emphasize directional strategies more than Schroders’ other hedge funds of funds, he said. John Parkin oversees a team of nine people in the hedge funds of funds group, which has “grown quite a bit this year,” Mr. Joll said.<\/p>\n
Like its existing funds, Blue Mountain will charge a 1% annual management fee and 10% of profits with a high watermark.<\/p>\n
Schroders other two funds of funds were launched in November of 2000. The Schroders’ Blue Sea fund is relatively conservative, aiming to be a risk diversifier with relative value strategies that should return 6% to 9% per year, Mr. Joll said. The US$160 million fund has performed well, but perhaps has not been as aggressive as it could have been, he said.<\/p>\n
Schroders’ Blue Star fund is a long\/short equity hedge fund of funds designed as a moderately aggressive substitute for long equity exposure, Mr. Joll said. Returns should be comparable to global equities, but with less correlation and volatility in the US$50 million fund.<\/p>\n","protected":false},"excerpt":{"rendered":"
LONDON (HedgeWorld.com) – Schroders plc launched its third hedge fund of funds, an aggressive multi-strategy fund called Schroders’ Alternative Investment Fund Blue Mountain. The managers of the fund are aiming for annual returns of 10% to 15% with volatility of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-40","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=40"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=40"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=40"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=40"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}