Hedge Funds

Urwick embraces high-conviction plays and low net exposure with relaunched UC global equity fund


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

Sylvia Solomon
Richard Urwick
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 elsewhere.

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