Sun, Oct 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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad