Tue, Sep 1, 2015
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 - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner