Long/short equity specialist Ajay Gambhir is to leave RWC Partners at the end of the year, after a decade with the asset manager.
Gambhir has overseen the RWC Europe Absolute Alpha fund since it was launched in November 2010, having originally joined the UK group in 2007.
It was not revealed whether he intends to stay within fund management following his departure. However, the fund will be retained by RWC, with a new portfolio manager being announced in due course.
On a three-year basis, the RWC Europe Absolute Alpha fund lost 4% in euro terms over the period to the end of September 2017. The average manager in the Alt Ucits – Long/Short Equity returned 6.2% over the same period.