Wednesday, 28 January 2015
Last updated 6 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…