Rivercrest to get rolling with global equity
Thu Sep 22, 2011
New alternative asset manager backed by Sir John Beckwith and other high-profile partners taps ex-Lansdowne duo for macro-driven equity strategy, the first in up to six new funds that the firm plans to launch
Rivercrest Capital, the new London-based alternative asset management firm backed by Sir John Beckwith’s Pacific Investments group and other high-profile investors, is gearing up to go live with the first in a suite of up to six funds it is planning.
The new Rivercrest Global Equity Fund, to be managed by former Lansdowne men Alastair MacLeod and Peter Simon, is set to launch in October and reckoned to be on target to reach assets of $100 million by the end of the year.
Beckwith is of course no stranger to the hedge fund world, having in the past backed successful firms like Thames River Capital, which was sold last year to F&C, and its spinout Nevsky Capital – in which he continues to hold a stake – as well as traditional long-only firms like Liontrust Asset Management and River & Mercantile plus major real estate and...
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