RiverCrest Capital rolls out European Equity Alpha UCITS

RiverCrest Capital, the absolute return firm established by Sir John Beckwith’s Pacific Investments last year, has launched its second offering with the European Equity Alpha Fund reported HedgeWeek this week. Target annualized returns in the fund are 12 – 15 per cent net of fees with a target volatility of 5 to 8 per cent. It is hosted on Morgan Stanley’s FundLogic Alternatives platform and is managed by Giles Worthington and Tim Short. Each has over 16 years’ experience in the European equity market. Both formerly worked at M&G, Giles as Head of European Investments. The fund aims to generate alpha through stock picking on both the long and short side to deliver uncorrelated absolute returns. Rob Barker, CEO of RiverCrest Capital was quoted as saying: “The RiverCrest European Equity Alpha Fund is a strategy which maximises intended outcomes and minimises unintended outcomes and as such has proven an ability to perform in these challenging markets. We are delighted to offer our investors access to this approach through the launch of this Fund.”