Saturday, 30 August 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...