Allianz’s RCM To Launch Hedge Funds

Allianz’s equity fund management unit, RCM, plans two new hedge fund products.


Allianz’s equity fund management unit, RCM, is planning to float two new hedge fund products, Reuters reports. According to RCM CIO, Andreas Utermann, the firm is hoping to raise about $100 million via the new launches.

RCM will start a new Luxembourg-domiciled cross-border Ucits equity fund and another vehicle, which invests across its existing long-short funds, within the next two quarters. The move is aimed at boosting RCM’s assets under management in the sector by over 50 percent.

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