Investment Week – RWC Partners is converting its UK hedge fund Pilgrim into a UCITS product to compete with the likes of BlackRock’s UK Absolute Alpha fund in the retail market.
On 28 October the fund will redomicile from the Cayman Islands to Luxembourg and become a sub-fund under the group’s SICAV umbrella. It will sit alongside two equity income products run by Nick Purves and Ian Lance and the long/short Europe Absolute Alpha fund, managed by Ajay Gambhir.
