Schroder GAIA Helix surpasses $800 million in assets as it marks three year launch anniversary

Schroder GAIA Helix (Helix), a single access point fund for clients looking to harness an optimal blend of Schroders alpha-generating strategies, has celebrated its third anniversary since its inception.

Launched in late 2018, the fund has now reached $836 million[1]  in assets under management, having delivered an average return of 6.1% per annum[2] with an annualised volatility of 3.5%. Helix is designed for investors looking to boost their exposure to liquid, multi-strategy alternative funds, aimed at producing attractive risk adjusted returns with a low correlation to markets.

The fund, which is hosted on the Schroder GAIA platform, has also demonstrated resilience on the downside, producing a positive return during eight of the 11 negative equity market months[3] since launch. In addition, it has generated a positive accumulated return through those 11 negative months.

At the underlying strategy level, 73% of the strategies have delivered a positive return since inception[4], with returns well spread by strategy type and region, including Asia, Emerging Markets, and Europe.

The fund is co-managed by Robert Donald, Chief Investment Officer for Helix, and Darren Hodges, Co-Portfolio Manager and the broader Helix investment team. The fund incorporates a range of sub-strategies covering conventional long/short, long-alpha hedged, systematic and, to a modest extent, some non-equity strategies within a daily-dealing UCITs framework. The fund is market neutral.

The fund aims to provide access to 'the best of Schroders' alpha in a single product and is classed as Article 8 under the EU Sustainable Finance Disclosure Regulation[5].

 

Robert Donald, Chief Investment Officer, Schroder GAIA Helix, Schroders, commented:

“We have successfully blended the core ingredients of a strong team, with sound risk management, robust resources and Schroders’ extensive talent pool to meet our clients’ investment expectations over the last three years.  

“The strategy has navigated considerable challenges and I’m also pleased to say that in down markets the fund has predominantly generated positive returns.

“So as we exit our three-year period and look forward, we’re very excited, not just by what we’ve achieved, but particularly in the future as we see a lot of talent within the firm coming through that we are keen to work with and incorporate within the structure of Helix.

“That will allow us to deliver to clients a very solid return stream which will have a high weighting towards idiosyncratic non-market returns, and will thus exhibit low correlation to markets.

“This is a strategy that we believe ought to reside as a core allocation within an investor’s liquid alt-portfolio and, in many cases, could act as a substitute for fixed income assets as we move into a new environment of potentially higher and more volatile interest rates.”

 

* Performance summary table below.

 

Q3 2020 – Q3 2021

Q3 2019 – Q3 2020

Q3 2018 – Q3 2019

Q3 2017 – Q3 2018

Q3 2016 – Q3 2017

Schroder GAIA Helix E Acc USD

10.6%

8.9%

Schroder GAIA Helix I Acc USD

13.6%

11.6%

0.5%

-

-

MSCI AC World (Net TR) index

27.4%

10.4%

1.4%

HFRX EH: Equity Market Neutral

4.5%

-7.4%

–3.9%

 

[1] As at 30 November 2021.

[2] Schroder GAIA Helix E Acc USD share class. Performance is shown net of fees, NAV to NAV. Shareclass launch date 30 November 2018. The fund's performance should be assessed against its target benchmark, being to provide a positive return over a three year period and compared against the HFRX EH: Equity Market Neutral Index and the MSCI AC World (Net TR) index.

[3] MSCI AC World (Net TR), the fund’s comparator.

[4] Performance is provided gross from Aladdin.

[5] The fund has environmental and/or social characteristics within the meaning of Article 8 of Regulation (EU) 2019/2088 on Sustainability-related Disclosures in the Financial Services Sector (the “SFDR”). The Fund maintains a positive absolute sustainability score, based on the Investment Manager’s rating system.