Tue, Oct 13, 2015
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 - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From Marketrealist.com: In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Bloomberg.com: Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From Mondaq.com: The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Newsoftheweird.com: Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko