People Moves Performance

RWC recruits $800 million Hermes Focus activist investing team

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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