Schroders has launched a new Asia Pacific fund for the offshore investment marketplace.
The Schroder GAIA Indus PacifiChoice fund has been launched in partnership with Indus Capital Partners, the German asset management firm said in a statement. It aims to deliver high risk adjusted returns while preserving capital during difficult market periods and the fund will invest in equities and equity-related securities in the Asia Pacific region within a Ucits framework.
The fund will be managed by the investment team at Indus Capital, led by managing partner and co-founder Sheldon Kasowitz. The fund will look across the entire Asia Pacific region including Japan, Greater China, India and Australia, combining primarily bottom-up stock picking with a macro research overlay.
The fund is based on an existing Ucits fund managed by Indus, which has delivered a positive annualised net return since inception in January 201, according to Schroders figures.
Global macro concerns
Kasowitz, has more than 25 years of experience in the investment industry and has been involved in long/short equity strategies for more than 20 years. He said: “Global macro concerns have taken their toll on Asian markets recently. While external pressures remain, and China’s structural issues will continue to create volatility, the policy framework within the region is broadly attractive, and valuations are at the low to moderate end of the range.
“Our bottom-up stock picking approach is well suited to exploit the mispricings, both long and short, being presented across Asia.”
Schroders GAIA range
Schroder GAIA Indus PacifiChoice will launch on the Schroder GAIA UCITS platform. Schroders now has nine funds on the two GAIA platforms, eight managed by external hedge fund managers (Schroder GAIA Indus PacifiChoice, Schroder GAIA Egerton Equity, Schroder GAIA Sirios US Equity, Schroder GAIA KKR Credit, Schroder GAIA Paulson Merger Arbitrage, Schroder GAIA BSP Credit, Schroder GAIA BlueTrend and Schroder GAIA II NGA Turnaround) and one managed internally (Schroder GAIA Cat Bond).
Established in 2000, Indus Capital specialises in equity strategies investing primarily in the Asia Pacific region including Japan and in emerging markets. The firm manages approximately US$5.3bn for foundations and university endowments, corporate and public pensions, high net worth individuals, family offices, sovereign wealth funds, and financial institutions.