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: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.