6 Jan 2012
RiverCrest Capital, the absolute return fund management business, has launched a new fund - the European Equity Alpha Fund. The Fund’s objective is to achieve consistent and uncorrelated absolute returns of 12-15% (net of fees) with a target volatility of 5-8%, whilst preserving investor capital.
To do this, the Fund aims to combine proven stock-picking capability with capital preservation at the portfolio level. Risk is reduced using risk control systems to navigate extremes in market volatility and macro-uncertainty. By using this strict risk framework and daily real time risk management, RiverCrest aims to ensure objectivity and consistency of stock selection with uncorrelated absolute returns.
The Fund is managed by Giles Worthington and Tim Short, who each have over 16 years’ experience in the European equity market, with Worthington latterly as Head of European Investments at M&G. Short also joined from M&G, where he was a fund manager and Head of Portfolio Strategy and Risk Management. The investment process was developed and incubated by the managers whilst at M&G, they then joined RiverCrest specifically to focus on this absolute return strategy.
The European Equity Alpha Fund is UCITS registered and operates via Morgan Stanley’s FundLogic Alternatives Platform.
To do this, the Fund aims to combine proven stock-picking capability with capital preservation at the portfolio level. Risk is reduced using risk control systems to navigate extremes in market volatility and macro-uncertainty. By using this strict risk framework and daily real time risk management, RiverCrest aims to ensure objectivity and consistency of stock selection with uncorrelated absolute returns.
The Fund is managed by Giles Worthington and Tim Short, who each have over 16 years’ experience in the European equity market, with Worthington latterly as Head of European Investments at M&G. Short also joined from M&G, where he was a fund manager and Head of Portfolio Strategy and Risk Management. The investment process was developed and incubated by the managers whilst at M&G, they then joined RiverCrest specifically to focus on this absolute return strategy.
Rod Barker, CEO of RiverCrest Capital, said: “The sustained period of high market volatility and high correlations has proven to be a very challenging environment for absolute return investing. As such we are seeing significant investor demand for a product capable of achieving consistent double digit returns whilst importantly preserving capital. The RiverCrest European Equity Alpha Fund is a strategy which maximises intended outcomes and minimises unintended outcomes and as such has proven an ability to perform in these challenging markets. We are delighted to offer our investors access to this approach through the launch of this Fund.”
The European Equity Alpha Fund is UCITS registered and operates via Morgan Stanley’s FundLogic Alternatives Platform.
