Fact sheet: Schroder GAIAPaulMerAr

Fund information

Fund name
Schroder GAIA Paulson Merger Arbitrage C Acc NAV USD
Fund company manager
Schroder Investmt Mgt(LUX)S.A.
Fund type
SIB
Fund manager(s)
John Paulson
since 25/06/2014
Fund objective
The fund aims to provide capital growth. The fund may take long and short positions in shares, bonds and related derivative instruments in companies worldwide that are involved in mergers and other corporate events. The fund is not constrained by company size or sector. The fund applies a broad definition of what constitutes merger arbitrage – the manager considers all types of merger and acquisition transactions and other types of events such as corporate reorganisations, bankruptcies and liquidation scenarios. For example, the fund will take a long position in a company involved in a merger and acquisition transaction capturing the discount between the offer price and the target company's share price. For deals that appear particularly weak the fund may take a short position in a company involved in the transaction. The fund also participates in potential takeovers by establishing long positions in companies that are strategically attractive in consolidating industries. The fund may invest in less liquid, low or unrated securities or defaulted debt instruments. Investments in distressed securities will not exceed 20% of the Net Asset Value of the Fund. The fund may also invest in other financial instruments (including convertible bonds and warrants) and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage. Recommendation: Investors should seek independent advice and satisfy themselves that they have an understanding of the techniques employed by the manager.
Benchmark
No Specified Index
Investment style
Merger Arbitrage
Investment method
Mixed

Quick stats

1 Year return

-20.82 %

1 Year rank in sector

152/153

Sector

FO Hedge/Stru Prod - Mixed

Yield
-
Fund size

£ 85.9 m

FE Risk score

115

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-5.95 %-18.59 %-20.82 %-42.09 %0 %
Sector0.24 %2.6 %4.49 %3.35 %9.85 %
Rank within sector150 / 150171 / 171152 / 15397 / 99 /
Quartile th4 th4 th4 th4 th th

Calendar performance

YTD-20172016201520142013
Fund-21.65 %-23.05 %-3.45 %0 %0 %
Sector3.55 %-0.53 %-0.64 %5.08 %1.38 %
Rank within sector159 / 160123 / 12576 / 100 / /
Quartile th4 th4 th4 th th th

Risk statistics

Alpha-16.01
Beta1.09
Sharpe-0.02
Volatility11.05
Tracking error10.81
Information ratio-1.52
R-Squared0.04

Price movement

52 week high72.95
52 week low53.29
Current bid price0
Current offer price0
Current mid price53.9

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

-