PWP North American Equity Long Short Fund
|Fund Strategy||Equity Long / Short|
|Investment Advisor||Perella Weinberg Partners Capital Management LP|
|Portfolio Manager||David Baker|
|Fund AUM (GBP)||£64m|
|Fund AUM as of||19 April 2018|
|Fund Inception||17 May 2016|
The fund targets annual returns of 8-10% with a volatility target of 6-8%. It combines a long short equity strategy with a hard catalyst event-driven portfolio, hoping to gain further diversification and return benefits. The strategy keeps its net exposure at low levels and tries to maintain a low correlation to equity markets. The team utilizes a combination of a bottom-up analysis with an array of investment tools including technical and sentimental indicators.