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 under
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
ISSN: 2151-1845 / CDC10004H
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