The new fund, an absolute return portfolio, aims for a return of cash at 7.5% annually, rolling over three years, and is managed by Neil Richardson and David Sol.
“GFS is an advanced fusion of our macro and micro capabilities, underpinned by our team-based approach and multi-asset risk and portfolio management expertise,” Guy Stern, head of multi-asset and macro investing, said.
“Operating with broad investment freedom within rigorous risk controls, GFS invests actively within and between all major asset classes and across the corporate capital structure. It can also make extensive use of derivatives to implement positions and mitigate risk,” he added.
The Luxembourg SICAV was launched in December 2013 with €110m.
