Schroder GAIA Wellington Pagosa

Schroder GAIA Wellington Pagosa is a multi-strategy fund that invests in long/short equity, absolute return fixed income, and market neutral strategies. The fund seeks to generate consistent, positive returns across market cycles while managing market risk exposure and minimising drawdowns.

Executive summary

Investment highlights

Global multi-strategy, multi-PM fund, with access to compelling and uncorrelated alpha sources

Combines a bottom-up research focus with a top-down asset allocation approach

6+ year track record of the Wellington Pagosa strategy, which launched in January 2012

Targets 6–8% (annualised net returns) over a cycle with expected volatility of 5–7%

Current strategy allocation

Strategic allocations as of 31 Dec 2017

 

Source: Schroders and Wellington.

Long/short equity
Health care – 15%
Financial services – 15%
Capital cycles – 10% 
Growth – 5%

Market neutral
Quantitative equity – 10%
Fundamental equity – 5%

Long/short credit
Global credit – 12.5%

Macro
Emerging markets –15%
Discretionary/Relative value – 12.5%

For illustrative purposes only and are not to be considered a recommendation to buy or sell.

Portfolio managers

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Dennis H. Kim, CFA

Portfolio Manager, Pagosa

MBA, University of Pennsylvania (Wharton)

BA. University of Chicago

  • 24 years of professional experience
  • 6 years with Wellington Management
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Christopher G. Kirk, CFA

Portfolio Manager, Pagosa

MBA, Dartmouth College (Tuck)

BA. Boston College

  • 24 years of professional experience
  • 13 years with Wellington Management

Risk Considerations

  • The capital is not guaranteed.
  • Investments denominated in a currency other than that of the share-class may not be hedged. The market movements between those currencies will impact the share-class.
  • Where the fund (or the manager) holds a significant percentage of the shares of one or more companies, it may be difficult to sell those shares quickly. It may affect the value of the fund and, in extreme market conditions, its ability to meet redemption requests upon demand.
  • The fund will not hedge its market risk in a down cycle. The value of the fund will move similarly to the markets.
  • The fund may hold large positions in a particular investment and if market declines or the issuer defaults, then the fund will be adversely affected.
  • The fund may hold indirect short exposure in anticipation of a decline of prices of these exposures or increase of interest rate.
  • Changes in China's political, legal, economic or tax policies could cause losses or higher costs for the fund.

Contact Schroders

Schroders is a world-class asset manager operating from 27 countries across Europe, the Americas, Asia and the Middle East.


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