RWC partners will launch a Luxembourg-based US equity long short fund, pending approval by regulators.
The UCITS III RWC US Alpha is due to launch in October if it is given the seal of approval by the CSSF in Luxembourg. It will be invested in very liquid stocks, offering investors daily liquidity and high levels of transparency. The fund will be run by Mike Corcell who previously managed the Threadneedle Crescendo fund, a US equity long short fund which returned over 19% on an annualised basis since its launch in 2004. Intended to be registered for sale throughout Europe, the fund will have share classes designed to be tax efficient for German and UK investors while offering fully ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
