London-based investment houseRWC Partners has made hires in order to launch US long short funds.
The firm has hired Gabe Marshank, Alex Robarts, Sam Weeman and Hayes Varey to work together with Mike Corcell on RWC Biltmore and RWC US Absolute Alpha, the equity long short funds the company plans to launch in October 2009. The team will manage the US funds from RWC's London office.
Mr Marshank will be partnering with Mr Corcell, whom he has known for five years. He has worked previously for seven years with SAC Capital, where he was a senior analyst. Prior to that, he was with Pequot.
At RWC Partners, Mr Marshank will be responsible for the analysts and Mr Corcell for portfolio management, the company said in a statement.
Mr Robarts and Mr Corcell worked together for over four years as analysts at Threadneedle American Crescendo Fund.
Mr Weeman was number two in the Global Tobacco team at JPMorgan Investment Bank.
The team will launch a Cayman long short fund, RWC Biltmore, and a parallel UCITS fund, RWC US Absolute Alpha.
“These hires underline our confidence in Mike and the launch of his new funds. We have now been visiting potential investors for over a month and are receiving very strong feedback. Mike has a great reputation in the US long short space and has generated very good returns for his investors in the past,” said Peter Harrison, chief executive of RWC.
RWC Partners is an independent asset manager founded in 2000, currently managing $2.billion.