Hints and tips:
...Certain sectors, such as financial services, remain entrenched in the old ways of Japan Inc....
...In its letter, RWC said it believed “the intrinsic value of Sotheby’s is significantly higher than the proposed $57 per share”....
...In a letter to Sotheby’s chairman Domenico De Sole, RWC Partners raised concerns over the deal’s price and whether the company had maximised the number of bidders....
...RWC is irked Sotheby’s downgraded forecasts and did not contact its largest shareholder to solicit an offer....
...Justin Craib-Cox has moved to RWC’s convertible bond investment team from Aviva Investors....
...And in October, RWC, the purely active investment house, announced it had entered a strategic partnership with the consultancy launched by Condoleezza Rice, the former US secretary of state....
Nikko Asset Management hires Udo von Werne to lead its business in Europe
...Garret Mallal at RWC Partners: long BGF Retail There must be something in the slurpees, because we have another long convenience store trade – BGF Retail in South Korea....
...Colin Moar has also moved to RWC as a senior analyst for the RWC Global Innovation Absolute Alpha fund managed by Priya Kodeeswaran. Mr Moar previously worked for Polar Capital....
...Corinna Arnold, manager of the Japan Stewardship fund at RWC, the UK investment company, agrees: “It is very hard to get institutional investors to vote in a proactive way — this issue is compounded by the...
...RWC Partners, the $10bn London-based hedge fund manager, has hired a 15-strong investment team from Everest Capital to establish a new emerging, frontier and Asia equity business....
...We are encouraged by the [recent] changes, but I do not think anyone would say Japan Inc has changed overnight.”...
...● RWC is to launch the RWC Global Horizon fund, a long-only unconstrained global equities fund. It will be managed by Louise Keeling who joined in April from Marathon Asset Management....
...• Ex-Marathon fund manager Louise Keeling is to join RWC to set up a global equity team....
...● RWC has launched a Cayman-based European Focus fund with $145m from existing investors. It carries a 1.25 per cent annual management charge and 13 per cent performance fee....
...Last Tuesday, RWC acquired three long-only activist funds from pension fund giant Hermes. The deal means that half of RWC’s assets are now in traditional long-only strategies....
...“I hope RWC will capture the nation a bit like Euro 96 did for football....
...He was also an RFU representative on the International Rugby Board and the Six Nations Committee, and chairman of RWC 2015, the tournament organising body....
...However subsequent talks with its UK shareholders, including J.O.Hambro Capital and RWC Partners, prompted a change of heart....
...● RWC Partners is to launch the RWC Europe Absolute Alpha Fund, a Ucits III version of Ajay Gambhir’s long-running European long-short investment strategy, ● Barclays Capital is also offering a Newcits...
...FTfm last week reported predictions by London-based Tiburon Partners and RWC Partners the Caribbean territory would suffer as funds and assets are increasingly switched to European Newcits funds....
...● Meanwhile Schroders’ fund managers Nick Purves and Ian Lance will join RWC Partners in August. The duo previously ran the Schroder UK Equity Income Fund and a number of institutional mandates....
...So far this year, another five have come on to the market from GLG, Blacksquare, RWC and Legal & General – taking the total invested in Ucits III funds to £21.1bn....
...Carmel Peters, who used to be with RWC Partners, will lead the team, including former colleague Chris Shale and Danila Gallarato, who joins from the Abu Dhabi Investment Authority....
...RWC Partners, another London hedge fund group, last week raised $120m (£75m, €82m) for the launch of RWC US Absolute Alpha, a Luxembourg-based equity long/short Ucits fund....
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