Tuesday, 31 March 2015
Last updated 19 min ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…