RWC Plans Offshore Activist Fund, Seeks US$700M

Nov 8 2012 | 2:48pm ET

RWC Partners is taking its activism offshore.

The London-based hedge fund will launch a Cayman Islands-domiciled version of its European activist fund, allowing investors from outside of the U.K. access to the strategy, which is up 25% this year and 122% since Hermes Focus Asset Management—which RWC bought in September—launched it in 2009. And they expect a great deal more interest abroad than they have found at home.

RWC hopes to raise as much as US$700 million for the new fund. The current fund manages just US$300 million. If the firm reaches its target, the strategy will reach its US$1 billion capacity.

The RWC activist strategy employs a concentrated portfolio of between 10 and 20 names.

"The approach has generated significant… returns over time, demostrating that it creates value for investors," RWC's Dan Mannix said.

"Whilst the fund will take substantial positions in companies, and is among the top 10 shareholders in the vast majority of its positions, it is worth nothing that the constructive activist approach is no longer dependent on being the largest shareholder," Maarten Wildschut, a co-manager of the strategy, added.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.