Wednesday, 20 August 2014
Last updated 4 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note