RWC Partners is launching its US Absolute Alpha fund in October, pending regulatory approval.
As revealed by Investment Week in June, the Ucits III long/short Sicav is to be managed by former Threadneedle manager Mike Corcell. The vehicle aims to generate uncorrelated returns to market direction and will be added to RWC's existing £2bn range of Luxembourg-domiciled funds. Corcell will be based in London. RWC chief executive Peter Harrison says: "UCITS III provides the perfect platform for these funds and we are delighted that Mike's skills can now be offered to a much wider audience than just the traditional buyers of hedge funds."
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