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Alternative Market Briefing

RiverCrest Global Equity Fund up 13% YTD, managers expect further market gains in near term

Friday, June 07, 2013

Benedicte Gravrand, Opalesque Geneva:

The RiverCrest Global Equity Fund's USD share class is up +12.98% YTD after returning +3.52% in April, compared to a rise in the MSCI AC World index of 2.60% that month.

This is also compared to the Hennessee Long/Short Equity Index, which declined -0.17% in April 2013 (+5.71% YTD), while the S&P 500 advanced +1.81% (+12.02% YTD), the Dow Jones Industrial Average increased +1.79% (+13.24% YTD), and the NASDAQ Composite Index climbed +1.88% (+10.25% YTD).

The RiverCrest Global Equity Fund is a long/short global equity fund which focuses on large cap and liquid securities and which seeks to identify and invest in core secular themes across global equity markets. The investment style employs both a fundamental and a technical approach. The Cayman-domiciled fund is managed by Alastair MacLeod and Peter Simon at London-based RiverCrest Capital, and has returned 18.46% since its October 2011 inception. It is part of Opalesque's Emerging Managers database.

According to the fund’s monthly report, seen by Opalesque, the April returns were largely derived from the Japanese book, which contributed 3.83% (gross). Positions in the financials were also beneficial, thank......................

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