Tuesday, 23 September 2014
Last updated 8 hours ago
Feb 1 2010 | 8:04am ET
U.K.-based RWC Partners is gearing up to launch a new UCITS III long/short hedge fund later this month.
The RWC Advance Absolute Alpha Fund will be managed by Priya Kodeeswaran. Kodeeswaran joined RWC Partners in November 2009 from Cheyne Capital where he was responsible for a similar strategy.
The new fund will be a global long short equity absolute vehicle focusing on companies and industries that are undergoing rapid change or stand to benefit, or lose, from innovation. It will offer daily liquidity with EUR, GBP and USD hedged share classes.
“The strategy is particularly appealing to us as it is highly liquid and well suited to UCITS III,” said Peter Harrison, chief executive at RWC Partners. “In addition, Priya's approach is focused on rapidly changing or innovative companies where the sell side typically struggle to find consensus on future earnings. The anomalies amongst these companies' stock prices create great investment opportunities on both the long and the short books.”
In October, RWC Partners launched another UCITS III structure, the RWC US Absolute Alpha Fund, which is managed by Mike Corcell and has raised $600 million for the strategy since its inception.
RWC Partners is an independent asset manager with five distinct investment teams, the majority of which have come together in the past three years. Over the last 4 years the firm has sought to bridge the gap between traditional and alternative managers and manages a range of UCITS III funds alongside its hedge funds and institutional mandates.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.