Launches & Closures

RWC Partners soft closes long/short UCITS fund

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RWC Partners is soft closing its Luxembourg-domiciled European long/short UCITS strategy managed by Ajay Gambhir.

The London-based asset manager is soft closing RWC Europe Absolute Alpha, which was launched last July, to ensure that there “is no mismatch between the liquidity profile of the fund assets and the liquidity offered to investors,” according to a letter written to investors. The UCITS fund has assets under management of $268 million. This year, to June 2011, the fund is up more than 8% and last year it was also up 6.57%.

The Cayman-domiciled version of the strategy, RWC Samsara – which has