RWC Partners has registered its recently launched UCITS III-compliant long/short US equity fund in Germany. The RWC US Absolute Alpha fund, managed by Mike Corcell, launched in October and has since raised $350 million.
"We launched our first UCITS III fund three-and-a-half years ago and have seen significant demand over that period from our German clients," said Dan Mannix, head of business development at RWC.
"Registering our UCITS III funds in Germany and ensuring they are transparent from a tax perspective is key for our clients and also makes the funds more broadly available."
Mannix added that Corcell's fund