RWC re-opens Gambhir's European Absolute Alpha fund

RWC Partners is re-opening Ajay Gambhir's European Absolute Alpha fund after closing it last year.

The fund was closed at £170m as the group was concerned about its size and wanted to ensure Gambhir retained investment flexibility. It has re-opened today, with AUM of £150m, as Gambhir (pictured) feels investment opportunities in Europe have increased. "Whilst we cannot say that the European tail-risks have disappeared, we do believe they are diminishing. "Even if equity markets correct, we are entering a period where markets will be less dysfunctional; earnings and valuations will begin to drive share prices. We are particularly excited about the opportunities for stock picking ...