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Schroders, Oaktree To Launch Schroder GAIA Oaktree Credit Fund

Schroders is launching the Schroder GAIA Oaktree Credit fund, a global multi-strategy credit portfolio that offers investors access to high-conviction liquid credit opportunities. The product will sit on Schroders’ alternative UCITS platform.

Bruce Karsh, Oaktree Capital Management’s Co-Chairman and Chief Investment Officer, will be the lead manager of the fund alongside David Rosenberg, Managing Director and Co-Portfolio Manager, Oaktree Capital Management; the fund will create a diversified liquid portfolio that invests across U.S. and European high yield bonds, corporate and real estate structured credit, emerging markets debt and global convertibles.

Andrew Dreaneen, Head of Alternatives, Schroders, said:

“At Schroders, clients are always at the forefront of our investment strategy. Our partnership with Oaktree is a continued reflection of this commitment as we remain focused on identifying and delivering investments which meet their evolving demands. This strategy’s opportunistic approach, whilst retaining its focus on fundamental value and downside protection, is therefore an excellent addition to the Schroder GAIA platform. We remain committed to providing investors with access to high-quality alternative managers in a liquid and regulated format.”

Bruce Karsh, Portfolio Manager of Schroder GAIA Oaktree Credit, commented:

“When choosing a partner, we first and foremost ensure our alignment of core values. Schroders, like Oaktree, has built a reputation from creating value for clients over the long term. The alternatives business is a key strategic initiative for Schroders, and we are very pleased to be able to partner with them to combine our expertise with their considerable scale and global reach.”

Karsh also chairs Oaktree’s Global Credit Investment Committee, which plays an integral role in the fund’s investment process, including asset allocation.

Howard Marks, Co-Chairman of Oaktree, added:

“We are delighted to partner with Schroders to make our Global Credit strategy available to investors via the Schroder GAIA platform. The fund will invest in high-conviction opportunities across credit asset classes globally while aiming to limit volatility through diversification. We were pioneers in many of these asset classes and Schroder GAIA Oaktree Credit will provide investors with access to our deep expertise in relative value credit investing.”

The Schroder GAIA platform has nine strategies and had $6.2bn of assets at 31 December 2020.


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