Mon, May 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Reech AiM Partners launches long-only North America UCITS III fund

Wednesday, September 22, 2010
Opalesque Industry Update - Reech AiM Partners, a London-based $300m investment manager specialising in absolute return strategies, will continue expanding its suite of UCITSIII-compliant offerings with the launch of a UCITS long only North American equity fund which will be managed by the same team as that of its existing US long/short absolute return hedge fund.

The fund, called the Magnetic American Growth Fund, a North American equity strategy with an absolute return style, should debut November 1st with $20-$40m of initial capital, along with institutional commitments.

Ariane Daguise, Head of Business Development, said Reech Aim decided to launch an Absolute Return (long only with active use of cash and options) UCITSIII version alongside its existing US long/short Mariner Strategy, due to investor demand.

"The manager believes US equities are cheap and that there are a number of growth sectors and stocks emerging” she said. "We believe there is a case for managing long-only money with an absolute return approach, as well as hedge fund strategies."

Eduardo Tomacelli will be Magnetic's portfolio manager, having launched and managed the Mariner Strategy since 2000 and partnered with Reech last year. He has managed long only funds since 1987 at Sagitta Asset Management and Mercury Asset Management.

The fund will have both institutional and individual share classes, as it is has been granted reporting status in the UK.

The Magnetic fund will follow the debut of Reech CBRE's UCITSIII non physical real estate fund called the Glacier Fund, due to be launched in October 2010. Corporate website: www.reechaim.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner