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U.K. Charities Hire Schroders for Hedge Funds

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LONDON (–Schroders Private Bank was hired as an adviser on U.K. charity multi-strategy mandates worth more than ?65 million (US$121 million), which include hedge funds as part of the mix.

Among the charities that hired Schroders are three London institutions: Coram Family, a child-focused charity; University College London Hospitals; and Moorfields Eye Hospital, according to a statement from Schroders.

Schroders manages more than ?1.7 billion for charities and ?5.9 billion overall.