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Alternative Market Briefing

RWC Partners buys three activist hedge funds and investment teams from Hermes Focus

Wednesday, September 19, 2012

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Peter Harrison
Benedicte Gravrand, Opalesque Geneva: Three investment teams responsible for managing the Hermes Focus Funds will join RWC Partners, a $4.1bn hedge fund manager based in London, as of 1st October. These teams manage up to $800m for institutional clients. They will continue doing what they did, but the funds will be renamed the RWC Focus Funds. The heads of the teams will become Partners of RWC.

“The European Focus Fund, managed by Maarten Wildschut and Petteri Soininen, has generated returns of 111.5% since they assumed responsibility in early 2009, exceeding the European index return of 59.1%,” says the announcement. “The Specialist UK Focus Fund, managed by Paul Harrison, Nigel Davies and Phil Harris, has delivered 73.5% versus the index that has returned 51.1% over that period. The Japan Stewardship Fund is managed in collaboration with Nissay Asset Management, advised by Corinna Arnold and Michael Connors, and has generated annualised excess returns of 5.9% over three years and 3.8% over five years.”

Hermes Focus Asset Management is an activist hedge fund manager based in London. It ran a European fund, a UK fund, a Nissay Stewardship fund, and an ASEAN corporate fund. The latter has not moved to ......................

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