Opus Fixed Income: Schroders NewFinance Capital (SNFC)

Shortlist: Best performing specialist fund of hedge funds over three years

The Opus Fixed Income Fund was set up in 2003 as an alternative for investors who wanted a fixed income exposure. The fund of hedge funds (FoHF) structure allows for diversification so that when yields go up performance does not necessarily suffer, as would be the case with a series of direct investments.

The fund targets Libor plus 3% to 7% over the cycle with low volatility. This is working well in the current low-yield environment, according to the management company, Schroders NewFinance