New York (HedgeCo.Net) – Investment manager RWC is launching a new Cayman hedge fund to be managed by an European Focus team that recently joined from Hermes. The team of six is headed up by Maarten Wildschut and Petteri Soininen and is currently responsible for just over $300m in assets in a Constructive Activist, pan-European equity fund. The strategy has a capacity of up to $1bn and the new fund will take the form of a Cayman master-feeder fund.
The new fund will use the same process the team have used since the team came together in early 2009. The strategy invests in a concentrated portfolio of 10–20 companies combining elements of value-based, private equity and event-driven investing. It takes a long-term active ownership approach to the companies that it invests in with a focus on fundamentally sound companies where constructive activism can help improve shareholder returns.
Since the team started managing the strategy (1st February 2009) it has returned 122.4% and is up 24.5% year-to-date (to end October 2012).
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