Sunday, 28 December 2014
Last updated 7 hours ago
May 24 2010 | 10:24am ET
RCM Partners is taking its Canadian special situations fund offshore.
The firm plans a Cayman Islands-domiciled version of its RCM Special Situations Fund, Hedge Funds Review reports. The onshore fund is domiciled in Canada, debuting in October, although Michael Ruscetta, the firm’s chief investment officer, has been running the strategy since November 2008.
The fund invests in Canadian equities and credit, with about 20 long positions and seven shorts. According to Ruscetta, the strategy is up 102% since inception and has never suffered a losing month.
The offshore fund will launch with US$20 million in assets, seeded in part by Accelerator Capital Management.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.