Opalesque Industry Update, for New Managers - After three completed investments since mid-2012, NewAlpha Asset Management announced the fourth incubation partnership between the French managers-only seeding fund Emergence and Rcube Asset Management.|
With 30 million euros provided by Emergence at the launch on 31 January 2014, Rcube’s Global Macro UCITS fund reaches a significant size and can meet the needs of French and international institutional investors.
Approved by the Commission de Surveillance du Secteur Financier ( CSSF ), the Rcube Global Macro UCITS fund implements a global macro investment strategy across all asset classes (excluding commodities), using only the most liquid instruments.
The investment process is particularly robust and is built on a sophisticated frame of macroeconomic models and discretionary analysis. The quantitative part aims at identifying the factors influencing asset prices and returns. The investment decisions are then taken on a discretionary basis.
Founded as a consulting firm advising on global investment strategies by Cyril Castelli, Paul Buigues and Stéphane Alloiteau in 2010, Rcube has enjoyed international success with a broad clientele that includes some of the most prominent North American and European investors.
Rcube Global Macro UCITS is launching on the market a few months after the implementation of the same strategy in an offshore wrapper for international investors.
Beyond the expected performance for the Absolute Performance sub-fund, Emergence and NewAlpha aim to increase emerging French asset managers’ visibility, both at home and abroad.
Thanks to their status as seeders, Emergence investors will benefit from the success of Rcube Asset Management.