6 JUL, 2023
By Leticia Rial from RankiaPro Europe
Schroders announces the launch of Schroder GAIA SEG US Equity, a long biased US equity long short fund managed by Select Equity Group (“SEG”).
The fund will offer investors access to a high-conviction, differentiated strategy with a highly research driven approach to investing in quality businesses, with weekly liquidity. This is the latest addition to the Schroder GAIA platform which now has twelve funds and $5.4 billion of AUM as of 31 March 2023.
It is a UCITS adaption of SEG’s flagship long short US equity strategy, which launched in 1998, and has over $9.4 billion of assets under management as of 31 December 2022. It will launch via a merger to accommodate a transfer of shareholders from SEG’s existing Select Equity Long Short UCITS Sub-Fund.
Founded in 1990, SEG is a leader among global investment managers. Based in New York, they manage over $40 billion in assets across long-only and long/short equity strategies that invest in high-quality companies across geographies and market capitalisations.
The launch of the fund marks the beginning of what Schroders expects will be a long-term partnership between the two firms.
“At Schroders, our clients are always at the forefront of our investment strategy. Our partnership with Select Equity Group is a continued reflection of this focus as we continue to seek out attractive opportunities for our clients. This strategy’s fiercely independent research approach and quality-focused investment philosophy, makes it an excellent addition to the Schroder GAIA platform. We remain committed to providing investors with access to high-quality alternative managers in a liquid and regulated format.”Andrew Dreaneen, Head of Alternatives at Schroders
“We are pleased to partner with Schroders, which has established a reputation over many years of delivering value to clients. It’s an exciting time for both of our firms, as alternatives and long/short products are key strategic initiatives that we share. We look forward to combining our investment expertise with Schroders’ considerable scale and global reach.”Henry Davis, Principal at Select Equity Group