Tue, Jul 7, 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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner