RiverCrest Adds Ex-Lansdowne, M&G Managers, Plans Maiden Funds

Aug 25 2011 | 12:56am ET

Thames River Capital co-founder John Beckwith’s new hedge fund firm has hired its first two fund management teams with plans to launch its first two hedge funds later this year.

RiverCrest Capital picked up Lansdowne Partners’ former macro stock team, Alastair MacLeod and Peter Simon, and former M&G Investments managers Giles Worthington and Tim Short, Financial News reports. MacLeod’s and Simon’s Global Equity Fund is expected to debut in October and Worthington’s and Short’s European Equity Alpha Fund towards the end of the year.

MacLeod and Simon left Lansdowne in 2009 after the firm shuttered their Macro Fund amidst poor performance and investor redemptions. Their new equity long/short fund will employ a directional, thematic approach.

Worthington and Short left M&G in January—their departure coinciding with the establishment of RiverCrest by Beckwith’s Pacific Investments and former International Standard Asset Management partner Rod Barker, who serves as RiverCrest’s CEO. Their fund will likely be UCITS III-compliant, and will employ a bottom-up stock-picking strategy in contrast to MacLeod’s and Simon’s top-down approach.

The two teams—and their funds—are the first of what RiverCrest hopes will be several, expanding the firm’s lineup to cover a variety of strategies. RiverCrest’s structure is similar to that Beckwith set up at Thames River, giving its management teams a great deal of autonomy.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note