Schroders has partnered with New York-based hedge fund firm Select Equity Group (SEG) to launch the latest fund in its GAIA platform, Schroder GAIA SEG US Equity, a long-biased US equity long-short UCITS vehicle.

Schroders has partnered with New York-based hedge fund firm Select Equity Group (SEG) to launch the latest fund in its GAIA platform, Schroder GAIA SEG US Equity, a long-biased US equity long-short UCITS vehicle.

Schroders says the fund will offer investors access to a high-conviction, differentiated strategy with a highly research-driven approach to investing in quality businesses, with weekly liquidity. With the launch of the new fund, the firm's GAIA platform now totals twelve funds with $5.4 billion of AUM as of 31 March 2023.

The new vehicle is a UCITs version of SEG’s flagship long-short US equity strategy, which launched in 1998, and has over $9.4 billion of assets under management as of 31 December 2022. It will launch via a merger to accommodate a transfer of shareholders from SEG’s existing Select Equity Long Short UCITS Sub-Fund.

Founded in 1990, SEG manages over $40 billion in assets across long-only and long-short equity strategies that invest in high-quality companies across geographies and market capitalisations.