RWC Partners Beefs Up Convertible Bond Team

Jan 20 2010 | 10:24am ET

U.K.-based asset management firm RWC Partners has beefed up the firm’s convertible bond team with the addition of Lakshman Harendran.

Harendran joins from Morgan Stanley Investment Management where he was a member of its fixed income team with a focus on convertible bonds, investment grade and high yield corporate bonds. 
 
In his new role Harendran will work with Davide Basile, head of convertible bonds at RWC Partners, and Esther Watt and Michelle Shi, who are analysts within the team.
 
RWC Partners manages approximately $1 billion in convertible bond assets and has seen significant growth through 2009 starting that year at approximately $660 million.
 
The RWC Global Convertibles Fund offers investors a balanced exposure to the asset class.  According to the firm, a target delta of 30%-50%, an unconstrained global approach and an aversion to synthetic bonds are all traits of Basile's style and approach to the asset class. 
 
 “Lakshman’s recruitment reinforces RWC Partners’ position within the convertible asset class,” said Peter Harrison, chief executive at RWC Partners. “Under Davide’s stewardship the investment team continues to deliver the balanced exposure to the asset class that our investors expect.” 
 
RWC Partners is an independent asset manager with four distinct investment teams. The firm has sought to capitalize on the gulf between traditional and alternative managers and now manages a range of UCITS III funds.


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