Sat, May 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge fund manager Gambhir consolidates seven-year track record as RWC Partners moves forward, L/S equity fund +11% YTD

Friday, November 12, 2010
Opalesque Industry Update - Manager of the Europe long short funds at RWC Partners, Ajay Gambhir, has passed through his three year track record at the firm. Gambhir launched his RWC Samsara Fund just as the storm clouds were gathering in September 2007. Since then equities have lost over 25% whilst Gambhirís long/short strategy has made over 17%.

From 2003-2007 Gambhir launched and managed the JPMorgan Europe Dynamic Long Short fund which, during his tenure, generated annualised returns of over 24% with a volatility of just over 7%. The fund was also awarded the EuroHedge winner for best European Fund in 2006.

2010 has been a strong year for the strategy so far with returns of over 11%, despite the environment having been particularly difficult for long short/equity fund managers. Through the year, Gambhir has also been reinforcing his investment team with additional analysts and trade support to sit alongside the highly experienced Steve Robertson.

RWC Partners has seen significant success in the UCITS III absolute return space including Mike Corcell's US Absolute Alpha Fund which has raised $600m since launch in October 2009. Gambhir also has a long-standing presence in the UCITS space having previously managed $6bn of UCITS funds. In July this year RWC launched Gambhir's Europe Absolute Alpha Fund, a UCITS III replica of the Cayman fund. Since then the fund has already seen positive returns of over 6.5%.

Gambhirís success coincides with a strong year for the broader RWC Partners' business. Having concluded the very successful launch of its Equity Income team, the firm's assets hit a new high of $3.8 billion, while Davide Basileís Global Convertibles fund exceeded the $1 billion mark. The firm has recently announced that highly rated managers Peter Allwright and Stuart Frost, previously of Threadneedle, will be launching a range of absolute return macro, rate and currency funds in the UCITS III space.

Commenting, Peter Harrison, Chief Executive Officer, RWC Partners, said:

"The market environment since Ajay launched at RWC has been extraordinary. He is one of a small handful of long/short managers who have demonstrated they can generate both significant returns in bull markets and be flexible enough to protect well on the downside.

"2010 has not been good for long/short strategies in general and generating good returns this year has been tough. Stock correlations have been high and the market has been continuously buffeted by macro events and fears. Ajay has had the fortitude to look through the fear and find great ideas on both sides of the book. As correlations come down and investors search for value and yield as macro fears subside, Ajay's approach should continue to generate great returns. I have worked with him for over a decade now and he stands out as one of the great stockpickers in the market today."

(press release)


Corporate website: www.rwcpartners.com


Bg

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 TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner