RWC launches fund for Hermes activist investor team

Grand CaymanLondon-based asset manager RWC Partners has established a Cayman Islands-based European Focus Fund to be managed by the team that joined from Hermes Fund Managers in October 2012. The team formerly operated as Hermes Focus Asset Management and was devoted to shareholder activism, campaigning for corporate change at companies such as Vodafone and Siemens. With $145 million (€110 billion) of assets seeded by existing investors, the master-feeder fund will replicate the strategy the team has managed in a UK limited partnership since 2009. “Our approach to active ownership in Europe focuses on engaging with companies to improve shareholder returns,” says Dan Mannix, who became RWC chief executive in February. “It is incredibly hard to establish new strategies to operate in this space due to the importance of team size, the experience and the cost of properly deploying the strategy.” Mannix replaced Peter Harrison, who has taken up a senior position at Schroders, which acquired a stake in RWC Partners in 2010. Mannix says he hopes the firm will raise an additional $750 million for the fund. ©2013 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.