RWC, the London-based active investment manager led by Peter Harrison, has unveiled a major expansion of its fund management range with the addition of the highly-regarded Hermes Focus activist investment team.
The entire 12-strong investment and support team will join RWC from Hermes at the start of October, along with the three Focus funds that the team manage – which run combined assets of $800 million for a range of institutional clients, including the BT Pension Scheme of which Hermes Fund Managers is a subsidiary.
The Focus Funds – which use a ‘constructive activist’ approach to investing, working with companies to catalyse change and unlock value – will continue to be managed by the investment...