Sat, Oct 22, 2016
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:

- 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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion