SOURCE: RWC Partners Ltd

RWC Partners Ltd

May 13, 2015 12:41 ET

RWC Partners Confirms Details of New Emerging Market Team

LONDON, UNITED KINGDOM--(Marketwired - May 13, 2015) - RWC Partners confirms that it has hired a 15 person investment team previously at Everest Capital to establish a new Emerging, Frontier and Asia equity business. To support the team, RWC Partners has established a new office in Miami and is in the process of establishing an office in Singapore, subject to regulatory approvals. 

The Emerging and Frontier market team is jointly headed up by John Malloy and James Johnstone. Malloy is primarily responsible for the Emerging Market portfolios and will be backed up by his co-portfolio manager, Thomas Allraum. Johnstone is responsible for the Frontier Market portfolios and backed up by his co-portfolio manager, Luis Laboy. Cem Akyurek has joined as the team's Emerging Market economist, while in Singapore, Garret Mallal will serve as portfolio manager and Min Chen will be focused on Asian equity research. Additionally, RWC Partners has recruited Simon Onabowale to head up trading in Miami. 

RWC Partners has established new funds replicating those previously managed by the team, covering long-only Emerging and Frontier markets and long-short Frontier and Asian strategies. The Frontier market strategies at Everest Capital were previously closed to new investors. Additionally, Tord Stallvik joins as a member of the RWC Management Committee and Head of US, with Frances Selby heading up US Institutional business development.

Dan Mannix, CEO of RWC Partners, commented:

"An extremely unusual set of circumstances allowed us to recruit a fully formed institutional quality Emerging and Frontier markets investment team. It is incredibly hard to build a team of the depth and breadth that John and James have over the last few years and we are all very pleased to have been able to create the environment for the team to stay together. The support we have seen from John and James' clients is a real endorsement of the quality of the investment capability and we have in the region of $1.3bn of committed capital and expect to exceed $1.5bn across the strategies in the near future.

"We have also taken the opportunity to strengthen our business development framework with the addition of Tord and Frances. Tord brings 25 years of experience from previous leadership roles in alternative and traditional asset managers, while Frances has been working in a senior capacity with US institutional investors for over 30 years. 

"For RWC Partners this comes at an exciting time where our business has seen its assets double in the last two years on the back of strong performance and good inflows. We have developed our systems and infrastructure to support our rapidly growing business over the last two years and it is a great opportunity for us to launch an Emerging Market capability that is highly credible, fully formed, and at a point in the cycle where clients are starting to consider who they use in the Emerging Market space."

About RWC Partners

RWC Partners is an independent investment manager established in 2000.

Our belief is that our fund managers should be unconstrained, focused on real risks and aim for strong total returns over the long term.

Since our inception we have established investment strategies driven by entrepreneurial fund managers and their investment teams. Our investment teams reflect our beliefs that experience, well-defined investment philosophies and a creative environment are essential ingredients for producing exceptional investment returns.

Today RWC Partners invests over $10.1bn (as at 30.4.15) on behalf of its clients who include some of the foremost global institutions and advisors.

Our aim is to operate a sustainable organisation where our clients have conviction that our interests are served best by meeting their long-term objectives. We have a strong ownership structure that supports this aim and supports stability, flexibility and the highest governance standards.

RWC Partners' culture has become its strength. Our people both define the culture and drive its evolution. Based on simple principles of ethics, quality and enjoyment our culture underpins our organisation's health.

This document contains information relating to RWC Partners Limited, RWC Focus Asset Management Limited and RWC Asset Management LLP (collectively, "RWC"), each of which is authorised and regulated in the United Kingdom by the Financial Conduct Authority ("FCA"), and services provided by them and may also contain information relating to certain products managed or advised by RWC ("RWC Funds").

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RWC Partners Limited is registered in England and Wales (No. 03517613) with its registered address as above.

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