RWC converts Asian fund into UCITS long/short strategy

Follows hires from Everest Capital

RWC is launching a UCITS version of its Asian equity long/short strategy, as it adds to the emerging markets range it acquired last year.

The group hired James Johnstone and John Malloy and 21 of their colleagues from Everest Capital in mid-2015 including Garret Mallal, who manages the Cayman-domiciled RWC Asia Opportunity fund from the Singapore office. However, Dan Mannix (pictured), chief executive of RWC, said there has been interest from clients for long/short strategies within a UCITS structure. RWC's Malloy: Why we are backing Russia in 2016 As a result the group is changing the name of its existing Global Innovation Absolute Alpha fund to become the Asia Absolute Alpha fund, subject to approval, and changing t...