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RCM plans new hedge funds to boost sector assets

Guardian – RCM, Allianz’s equity fund management unit, is launching two new hedge fund products aimed at increasing its assets under management in the sector by more than 50 percent, its Chief Investment Officer said. Andreas Utermann told Reuters that RCM will launch, in the next few weeks, a new Luxembourg-domiciled cross-border UCITS equity fund, and will launch a new vehicle which invests across its existing long-short funds within the next two quarters.

He said RCM found that clients — including family offices and private wealth managers — were happier with a Luxembourg UCITS structure than with Cayman Islands-based funds.
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