Fund launches & closures

Schroders expands GAIA funds range with macro strategy

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Schroders is rolling out a new internally-managed global macro fund on its UCITS platform, Schroder Global Alternative Investor Access (GAIA).

The Schroder GAIA Global Macro Bond Fund is scheduled to launch in October. It will be managed by Schroders’ fixed income multi-sector team, led by Bob Jolly, who has 30 years’ industry experience and joined the firm in September 2011 as head of global macro. The team will also draw on nearly 100 fixed-income investment professionals globally, who together manage more than £41.6 billion.

The UCITS global macro fund will aim to deliver an annualised gross excess return