The team of six is headed up by Maarten Wildschut and Petteri Soininen and is currently responsible for just over $300m in assets in a constructive activist, pan-European equity fund.
The strategy has a capacity of up to $1bn and the new fund will take the form of a Cayman master-feeder fund with a concentrated portfolio of 10–20 companies combining elements of value-based, private equity and event-driven investing.
It takes a long-term active ownership approach to the companies that it invests in with a focus on fundamentally sound companies where constructive activism can help improve shareholder returns.
Dan Mannix, Principal of RWC said the team’s move to RWC has coincided with a marked increase in institutional interest in European equities, particularly in concentrated high conviction portfolios.
“The European focus team looks for those companies that have fundamentally sound businesses and have a distinct opportunity to improve shareholder returns,” he said.
RWC is an active investment manager founded in 2000, with expertise in long only and absolute return investing.
