Saturday, 20 September 2014
Last updated 19 hours ago
Apr 23 2013 | 9:05am ET
RWC is launching a global equities division and has tapped former Marathon Asset Management portfolio manager Louise Keeling to head it.
Keeling spent six years at Marathon as a portfolio manager on the global equities strategy which outperformed its benchmark, the MSCI All World Index, over three, five and 10 years.
In her new role, Keeling will employ the same bottom-up process she has used for many years, focusing on capital cycles within sectors to identify investment ideas and themes. Her approach also puts great emphasis on the structure of management incentives and their alignment with shareholders’ interests. Keeling's strategy is unconstrained and focussed on providing significant alpha over rolling five year periods.
RWC said it would be making announcements with regard to Keeling's team shortly.
Keeling's hiring was announced by RWC CEO Dan Mannix, who replaced Peter Harrison in that role in February. Harrison, who remains a non-executive director at the firm, left to head global equities at Schroders. Also in February, Paul Larche became RWC's first chief operating officer.
Said Mannix, in a statement:
"The global equity space is incredibly competitive making it paramount to focus on exceptional managers with a differentiated process. Louise brings a wealth of experience having started her career with the Bank of England and spending the last six years managing a global equity portfolio at Marathon Asset Management, one of the pre-eminent global managers of the last decade."
RWC is an active investment manager with $5.5 billion in assets under management across equity income, equity long/short, activist equity and convertible bond strategies.
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