View more on these topics

Schroders moves into the hedge Fof sector

Schroders Private Bank is making its debut in the hedge fund of funds market with the launch of its alternative strategies fund diversified.

Domiciled in Bermuda, the SASF diversified offshore fund will be a close-ended investment company investing in individual hedge funds and marketed directly to UK investors.

The fund is the first launched since Schroders&#39 purchase of hedge fund boutique manager Beaumont this year and the addition of its alternative investment team to the private bank side of the business. The company says its development was in the pipeline well before these changes.

Schroders says it will aim for an absolute return of 6-9 per cent a year above sterling cash returns.

It will be targeted at Schroders&#39 own high-net-worth client bank as well as being available to IFAs and other private banks.

SASF diversified combines a multi-strategy style through its investment in individual hedge funds with no performance fee.

The fund closes to new money on November 21.

Schroders alternative investment team executive director Tord Stallvik says: “A lot of thought has gone into the structure of this fund of funds to ensure we can give UK clients tax-efficient access to hedge funds.

“Such a fund should be able to protect capital at times of market crisis, assuming strong portfolio construction, if not produce positive returns, and this is, of course, particularly pertinent in today&#39s markets.”

Recommended

The choice of reason

Despite the general air of negativity surrounding Alan Pickering&#39s report on pension simplification, it provides a chance to develop greater choice for employees in the way that retirement benefits are taken. Arguably, the key recommendation is the proposed change to the contracting-out regime. The requirement to provide a 50 per cent spouse&#39s pension could be […]

Manor Park bond grows capital protection choice

Guaranteed investment specialist Manor Park has established three guaranteed growth bonds which are linked to the performance of the FTSE 100 index. One of these bonds is the Manor Park guaranteed UK selected growth fund, which has a three-year term. It allows investors to choose the level of capital protection they want and the returns […]

Mind the gap

The Government has an objective of providing individuals with the information for them to plan for their pension provision. The Department of Work and Pensions, together with the Faculty and Institute of Actuaries, has established a new common basis for all pension providers to give illustrations to their customers. This will be used for compulsory […]

60 per cent of workers support compulsion

Sixty per cent of UK workers believe they should be compelled to pay into a company pension scheme in addition to State pension contributions, according to a survey for the National Association of Pension Funds. Public awareness of which Government department deals with pensions is virtually non-existent with only 7 per cent naming the Department […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com