Friday, 21 October 2016
Last updated 12 hours ago
Sep 30 2013 | 9:55am ET
London-based RWC said demand from U.S. investors has led it to register as an investment advisor with the Securities and Exchange Commission.
"As investors have become increasingly concerned about the credit markets we have seen a significant increase in allocations to our equity strategies,” said RWC CEO Dan Mannix, in a statement. “Assets have grown in 2013 from $5.2 billion to $6.8 billion with strong interest in our income, convertible bond, European long/short and activist strategies.
"There is particular interest in the U.S. from institutions looking for activist exposure within the European equity markets. The RWC European focus team is one of a small number of established teams who operate as constructive activist investors in the region and we are seeing significant flows from U.S. institutions that take a longer-term approach to equities,” he said.