RWC to offer up Ucits variants in landmark move for hedge funds

London's RWC Partners says it will launch Ucits variants of each new hedge fund it establishes as long as the strategy meets key criteria.

Daniel Mannix, RWC’s head of business development, says: “As long as the hedge fund can be run with the liquidity of Ucits, and can be clearly articulated to a retail audience, then that is what we would do.” It is a landmark move for a hedge fund and affords access to managers’ long/short skills to retail investors, placing them on a par with institutions. It is supported by RWC’s experience in launching its Biltmore US hedge fund and US Absolute Alpha funds. Each took in about $320m since inception. Last week RWC’s Advance Absolute Alpha long/short Ucits fund began trading with a...