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

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of