Integra Capital has signed an agreement with Schroders plc to exclusively represent Schroders' FoHF products to institutional investors in Canada.
The funds will be available through the "Integra Global Advisors" platform which offers a broad spectrum of leading traditional and alternative investments. This is Schroders' first major 'representation agreement' for alternative investments in North America.
Schroders currently offers three fund of hedge fund strategies, covering a range of strategies designed to meet the varying needs of institutional investors.
Graham S. Rennie, CEO, Integra Capital Management, said: "Canadian institutions continue to broaden their horizons in a search for global management expertise. As a global leader with an established track record of innovation, Schroders is an ideal partner for us in this environment. We believe that Schroders is an ideal partner for Canadian pension plans looking for diversification, global reach and deep investment resources."
Derek Doupe, Schroders Executive Director Fund of Hedge Funds, said: "Integra has tremendous distribution power as well as demonstrated expertise in alternative investments. We are pleased to be partnering with them and look forward to working closely with them as we roll out our fund of hedge fund products to institutional clients in Canada."
The roll-out of Schroders' fund of hedge fund product by Integra Global Advisors is expected to begin this month, targeting primarily pension plan sponsors, endowments, and their investment consultants.
London-based Schroders plc is a global asset management company with GBP 105.6 (EUR149.5/ USD 202.3) billion under management as at 31st December 2004. Its clients include major financial institutions such as banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, and high net worth individuals and retail investors.
Integra Capital is a Canadian investment management firm that partners with leading, world-class investment managers from Canada and around the globe to offer a wide range of investment management solutions. Integra offers complete investment programs for defined benefit plan including Integra Pooled Funds and customized portfolio solutions, based on a proprietary diversification approach. The firm's private investment management group serves the investment needs of high-net-worth individuals.
Integra Global Advisors offers institutional clients single asset class mandates and access to a select group of global managers covering a broad spectrum of traditional and alternative investments.
Integra Group Retirement Services offers a complete investment program for defined contribution plans, including all aspects of plan administration and employee education using proprietary, leading-edge technology.
Founded in 1987, Integra Capital is affiliated with Old Mutual plc, a large and diversified global financial services company headquartered in London UK.