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RWC launch US long/short fund with Corcell hire

RWC Partners has appointed former Threadneedle manager Mike Corcell to launch a US long short equity fund.

The new fund planned for launch in the third quarter this year will be mimic Corcell’s £423m American Crescendo fund which he launched and managed at Threadneedle.

It will focus on generating returns from both long and short positions in US equities.

Corcell spent five years at Threadneedle before moving to SAC Investment Management.

RWC Partners chief executive Peter Harrison says: “Building on the range of absolute return funds we have at RWC Partners, Mike complements our existing range of exceptional managers.”

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