RWC’s Gambhir survives war of attrition as his Samsara strategy seeks uncrowded equity plays
Thu Apr 21, 2011
Ex-JP Morgan European equity star Ajay Gambhir chose a tough time to launch his follow-up fund at RWC Partners. But the strategy has performed solidly through a wild period and he is optimistic about the potential upside to be found in undervalued equity opportunities
Three-and-a-half years since launch, Ajay Gambhir's RWC Samsara
directional long/short European equity fund has weathered the
storm of market instability and investor redemptions - emerging
with a solid performance track record and rebounding assets
The fund was built on a strong foundation - drawing on
Gambhir's previous success running a well-regarded and
high-performing similar strategy at JP Morgan Asset Management.
But it made its debut at what, with hindsight, was arguably the
worst possible time - launching in September 2007, just as the
financial crisis was about to get going in earnest.
As a result, Samsara's entire track record to date has been
built up over a period of extreme uncertainty and volatility in
the equity markets - through which Gambhir has managed to steer
a relatively steady course and make solid gains for his
At over $450 million, the fund is running substantially
ISSN: 2151-1845 / CDC10004H
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