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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