Sun, Jan 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

RWC Partners to launch global Ucits L/S equity fund

Monday, February 01, 2010
RWC Partners today announced the forthcoming launch of the RWC Advance Absolute Alpha Fund on February 16th, to be managed by Priya Kodeeswaran. Kodeeswaran joined RWC Partners in November 2009 from Cheyne Capital where he was responsible for a similar strategy.

The RWC Advance Absolute Alpha Fund is a UCITS III global long short equity absolute return fund. The fund will focus on companies and industries that are undergoing rapid change or stand to benefit, or lose, from innovation.

Kodeeswaran has a strong track record managing long short equity strategies having been at Cheyne Capital for five years as a portfolio manager and Partner. Prior to Cheyne Capital, Priya managed a long short equity strategy at Avocet Capital and also worked at Morgan Grenfell where he was a portfolio manager.

RWC Partners recently launched the UCITS III RWC US Absolute Alpha Fund managed by Mike Corcell and has raised $600m for the strategy since its launch in October 2009.

The RWC Advance Absolute Alpha Fund will offer daily liquidity with EUR, GBP and USD hedged share classes. RWC Partners will apply for authorisation in Germany, Italy, the UK, Switzerland and France.

Commenting on the launch of the new fund, Peter Harrison, Chief Executive at RWC Partners, said:

“We have known Priya for a number of years. He has a strong track record and we have seen considerable interest from a number of previous colleagues and peers who have chosen to invest with him at launch.

“The strategy is particularly appealing to us as it is highly liquid and well suited to UCITS III. In addition, Priya's approach is focused on rapidly changing or innovative companies where the sell side typically struggle to find consensus on future earnings. The anomalies amongst these companies' stock prices create great investment opportunities on both the long and the short books.

“We expect RWC Advance Absolute Alpha to have lower volatility than broad equity indices with the objective of achieving strong returns uncorrelated to market direction." Corporate website: www.rwcpartners.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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised