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 under management.
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 investors.
At over $450 million, the fund is running substantially reduced...