Ajay Gambhir, the former JP Morgan Asset Management European equity star who is now a prominent member of the investment team at RWC Partners, is to launch a UCITS version of his pan-European long/short strategy. The RWC Europe Absolute Alpha Fund will debut at the end of July.
Gambhir began managing European long/short funds in 2003 and joined RWC in 2007. He launched the Cayman-domiciled RWC Samsara Fund in September 2007. The fund has made around 7% since inception, compared with a loss of more than 30% for the MSCI Equity Index.
“UCITS III absolute return funds are generating a