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.

Schroders buys major stake in RWC Partners

Schroders buys major stake in RWC Partners

Schroders has announced it has acquired 49% of the share capital of asset management firm RWC Partners Limited.

The large stake was acquired through one of its subsidiaries and came mainly from existing third party stocks and individual shareholders. RWC will remain a separate legal entity and will continue to be managed by the existing management team. 

Peter Harrison, RWC's CEO said: 'We believe that this is an extremely positive for RWC Partners. In Schroders we have gained a highly respected and knowledgeable shareholder who has recognised the strength of the RWC business.

'We have made no secret of our desire to bring in a high quality, minority shareholder to replace the early backers of the business, and are delighted to have reached agreement with Schroders. Full control of the business rests with the management of RWC and our strategy remains unchanged. RWC will operate autonomously without any changes to the structure of any existing arrangements.'

Harrison also has previous history with Schroders, having worked there as an analyst for three years earlier in his career.

At the date of completion of the transaction, RWC had gross business assets of approximately £10 million and its total assets under management are just over €2 billion.

In the last month, the two firms had already made headlines due to the high profile move of Schroders income managers, AAA-rated Nick Purves and Ian Lance, to RWC.

This week RWC Partners also announced the launch of a Newcits fund for former JP Morgan AAA-rated star Ajay Gambhir.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Ajay Gambhir
Ajay Gambhir
28/54 in Alternative UCITS - Long/Short Equity (Performance over 3 years) Average Total Return: 25.38%
Ian Lance
Ian Lance
74/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 36.66%
Citywire TV
Citywire TV
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter