Sharpe practice

Schroders' Astra fund has exceeded its target of annual returns net of fees between 15% and 20% since its launch in September 2000, returning 41.27% to investors by investing primarily in emerging market equities, according to the group.

Reza Vishkai, executive director at Schroders and head of the firm's hedge fund operations, says the Astra long/short emerging market fund aims to deliver its target returns with a Sharpe ratio of about one and two-thirds the volatility of its benchmark, the MSCI

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