Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

RWC returns to Morgan Stanley for convertibles hire

RWC Partners' has added to its global convertibles team, hiring a former Morgan Stanley colleague of team head Davide Basile.

Lakshman Harendran worked with Basile at Morgan Stanley Investment Management, where he was a member of its fixed income team, specialising in convertible bonds, investment grade and high yield.

Basile joined RWC Partners in November 2009, following the departure of Miles Geldard and took the reins of the Luxembourg-domiciled RWC Global Convertibles fund. Harendran will join his analyst team and work alongside Esther Watt and Michelle Shi, sharing responsibilities for quantitative, credit and equity research.

The RWC fund became one of the most popular convertible bond funds in Europe last year, when the sector reached an unprecedented level of popularity among investors. London-based RWC's CEO Peter Harrison believes they are not a passing fad and retain an appealing risk return profile for investors for 2010 and beyond.

'We have always maintained that convertible bonds are an asset class that should be held through the market cycle, the environment in 2010 reinforces this view,' he said. 'Not only do CBs offer diversification but on a risk adjusted basis the asset class has historically outperformed both government bonds and equities. For those investors who believe equity markets may prove volatile convertibles offer excellent downside protection, from their bond component, and upside participation, from the equity component. In addition 2010 presents significant opportunities due to the strong new issuance pipeline and under-analysed situations.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Hendersons' Kerley: investing in Marmite-like China

Hendersons' Kerley: investing in Marmite-like China

Citywire A-rated manager sees higher quality growth originating from China's current reforms.

Play Oil slump opportunities, Japanese recession & a UK bank conundrum

Oil slump opportunities, Japanese recession & a UK bank conundrum

Investment Pulse this week looks at further challenges for the British banking sector, Japan's return to recession and the continuing weakness of brent crude.

Play JPMAM's Georgina Brittain: the best opportunities in mid caps

JPMAM's Georgina Brittain: the best opportunities in mid caps

Brittain discusses where she sees opportunities in mid caps despite rising valuations.

Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter