Sunday, 28 August 2016
Last updated 1 day ago
May 8 2013 | 12:47pm ET
RWC will launch the RWC Global Horizon Fund for Louise Keeling, who joined the firm in April from Marathon Asset Management.
The long-only unconstrained global equities fund will be launched in June as a Luxembourg UCITS fund.
In her six years on Marathon's global equity team, Keeling developed an unconstrained, bottom-up process she will bring to bear at RWC, focusing on capital cycles within sectors to identify investment ideas and themes.
Said Keeling, in a statement: “In launching the RWC Global Horizon Fund we are taking an approach which allows us to make contrarian investments which we believe will create out-sized returns for investors. The investment style and alignment of interests between us and our clients is reinforced by the focus on multi-year alpha generation and we will encourage investors to take the five-year rolling performance fee structure with a very low base fee. We believe that considering shorter term performance and tracking error tend to distract and can cause fund managers to miss opportunities presented by going against the herd and taking advantage of out of favor assets.
“By applying the capital cycle philosophy and putting great weight on management incentive structures we will identify companies whose intrinsic value is being excessively discounted by the market and where we believe that anomaly will be eliminated over time. The fund is truly benchmark agnostic and seeks to find the best listed investment opportunities wherever they are in the world."
RWC currently manages $5.8 billion across equity income, equity long/short, activist equity and convertible bond strategies; $2.5 billion of it in UCITS vehicles.