Launches & Closures

RWC starts Cayman fund for new European activist team

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RWC, the London-based investment manager led by Peter Harrison, is launching a new Cayman-domiciled fund for the European Focus team that recently joined from Hermes.

The highly-regarded 12-strong Hermes Focus activist investment team joined RWC in September. The team brought their three discrete funds with them — focused on Europe, the UK, and Japan — and these vehicles were renamed as the RWC Focus Funds.

The strategies employ a ‘constructive activist’ approach to equity investing, working with company management to catalyse change and unlock value.

The European Focus Fund is managed by a team of six, headed