Urwick embraces high-conviction plays and low net exposure with relaunched UC global equity fund
Thu May 24, 2012
Long/short financials specialist Richard Urwick is building a strong track record for a reworked version of his global equity strategy, with a broader investment remit and incentives for investors to commit long-term capital
Financial stocks have always provided plenty of opportunities
for hedge fund managers - either on the long or the short side,
or both. And the financial sector is firmly back in the
spotlight again, with renewed troubles in the Eurozone and
But the banking sector's pivotal role at the eye of the
storm during the financial crisis of 2008 created huge
performance problems for financials-focused hedge funds, many
of which posted painful negative numbers.
Not so Richard Urwick and his UC Financials Fund, which
succeeded in navigating the storm thanks to a combination of
intensive bottom-up stock selection, macro analysis, tight risk
management and limited exposure. This did not prevent a flood
of investor redemptions, however, leading Urwick to wind the
fund down in late 2009.
But now Urwick is back with another hedge fund, which takes
the methodology behind his successful long/short financials
ISSN: 2151-1845 / CDC10004H
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