Tuesday, 24 November 2015
Last updated 1 hour 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…