Saturday, 23 July 2016
Last updated 15 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.