Launches & Closures

GAIA unveils internally managed bond strategy for its platform


London-based investment group Schroders is launching another internally-managed fund for its UCITS platform.

The fund, Schroder GAIA Global Macro Bond, is expected to launch in October 2012.

The fund aims to deliver an annualised gross excess return of 8% per annum over Libor using currency, sovereign and credit strategies.

The fund will be managed by the asset manager’s fixed income multi-sector team, led by Bob Jolly, who joined Schroders in September 2011 as head of global macro and has 30 years’ industry experience.

The fixed income multi-sector team will seek to generate consistent excess return through