Tuesday, September 07, 2004
Reconnect w/Michael Dobson re Schroders???
Schroders to use alternatives in new fundMon September 06, 2004 07:22 AM ET LONDON, Sept 6 (Reuters)
British fund manager Schroder Investment Management SDR.L is to include hedge funds, private equity and property as alternatives in one of its new multi-manager products available to investors from Monday.
The Schroder S&P High Alpha Fund will have the opportunity to invest up to 10 percent in these alternative investments, between 70-100 percent in equities and up to 15 percent in bonds.
A second more conservative multi-manager portfolio, the Schroder S&P Strategic Balanced Fund will invest up to 85 percent in equities, up to 20 percent in bonds and up to 10 percent in cash.
"Multi-managers are an excellent way to access a broadly diversified portfolio, without investors themselves having to spend hours researching and monitoring the underlying funds," Andrew Yeadon, Head of Multi-Manager at Schroders said.
The multi-manager team will tap into the research of Standard & Poor's analysts, who will supply Schroders with a short list of 200 funds to help identify the best funds.
Schroders will then undertake their own research to select the 12-15 funds which will be included in the portfolios.
British fund manager Schroder Investment Management SDR.L is to include hedge funds, private equity and property as alternatives in one of its new multi-manager products available to investors from Monday.
The Schroder S&P High Alpha Fund will have the opportunity to invest up to 10 percent in these alternative investments, between 70-100 percent in equities and up to 15 percent in bonds.
A second more conservative multi-manager portfolio, the Schroder S&P Strategic Balanced Fund will invest up to 85 percent in equities, up to 20 percent in bonds and up to 10 percent in cash.
"Multi-managers are an excellent way to access a broadly diversified portfolio, without investors themselves having to spend hours researching and monitoring the underlying funds," Andrew Yeadon, Head of Multi-Manager at Schroders said.
The multi-manager team will tap into the research of Standard & Poor's analysts, who will supply Schroders with a short list of 200 funds to help identify the best funds.
Schroders will then undertake their own research to select the 12-15 funds which will be included in the portfolios.
# posted by Tom @ 4:51 AM 
