Schroders is to launch a Global Macro Bond fund for Bob Jolly, a long/short fixed income vehicle targeting a yield of LIBOR plus 8%.
Scheduled for launch in October, the offshore fund will be available through Schroders' Global Alternative Investor Access (GAIA) UCITS hedge fund platform in Luxembourg. The fund will invest in sovereign and corporate bonds as well as currencies, and will be managed Schroders' fixed income multi-sector team, led by Jolly (pictured). "The next decade is unlikely to look remotely like the last. While some progress has been made to address the structural imbalances, the years to come will be characterised by shorter and sharper economic cycles," said Jolly. "Uncertainty will be very ...
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