RWC to set up global equity team

global managementRWC Partners has hired Louise Keeling, a former fund manager for Marathon Asset Management, to establish a global equity team, and says it will announce new additions to the unit soon.

Keeling will not be constrained to a benchmark and will aim to provide alpha returns over rolling five-year periods. RWC says a particular focus of Keeling's approach is how management incentives are aligned with shareholder interests.

"The global equity space is incredibly competitive making it paramount to focus on exceptional managers with a differentiated process,” says Dan Mannix, who became RWC chief executive in February.

Former RWC chief executive Peter Harrison has taken up a senior position with Schroders, which bought a stake in RWC Partners in 2010.

Earlier this month, RWC said it had established a Cayman Islands-based European equity fund to be managed by the team that joined from Hermes Fund Managers in October 2012.

©2013 funds europe