Schroders is adding a new global long/short equity strategy on its alternative assets UCITS platform.
The Schroder GAIA Conatus Equity is set to launch on 7 June. The new addition to the GAIA platform will be managed by portfolio manager David Stemerman – founder of Conatus and previously of Lone Pine Capital.
Stemerman has more than 20 years’ experience investing in global equities and will be supported by a nine strong investment team in managing the new fund, Schroders said in a statement.
The fund’s strategy is based on the same equity long/short process that Conatus has employed since its inception in 2008. It will aim to outperform equity markets over the long-term, with lower volatility, whilst seeking to preserve capital in declining markets and capture performance in up markets, Schroders said.
The investment approach is to look for mispriced opportunities driven by fundamental, bottom-up analysis of companies. Short selling of single stocks and industry themes is a central focus.
Historically, Conatus has had approximately one third of its assets invested in companies outside of the US, of which half is typically held in emerging markets, the statement concluded.