RWC Partners, through its emerging and frontier markets team led by John Malloy and James Johnstone, has entered into an advisory relationship with RiceHadleyGates (RHG).
Malloy (pictured) and Johnstone have had a long-standing relationship with the emerging markets oriented strategic consulting firm led by former US Secretary of State Condoleezza Rice, former US Secretary of Defence Robert Gates, former National Security Advisor Stephen Hadley and former State Department official Anja Manuel.
RHG will provide strategic input on political and structural market developments to augment the team's top down macro views.
RWC Partners established its emerging and frontier market investment team under Malloy and Johnstone mid-way through 2015. The 17 person investment team joined from Everest Capital and now manages funds in excess of USD2 billion. Their approach combines top down macro and bottom up fundamental inputs to identify companies with good growth prospects trading at reasonable prices.
Since launching in April and May 2015, both the RWC Frontier Markets Equity Fund and the RWC Emerging Markets Equity Fund have produced top quartile returns and outperformed their respective benchmarks by over 10 per cent. They are now also available in a UCITS-compliant format.
The RWC Global Emerging Market and RWC Asia Absolute Alpha Funds were launched in December 2015 and May 2016 respectively.
Malloy says: “RiceHadleyGates offer unique insights into the geo-political environment across our investment universe. It is critical for us to invest in these markets is a deep understanding of not only the companies in which we invest, but also of the political challenges, risks and opportunities they face. We are extremely fortunate to have developed a strong relationship with RHG over the last few years and are pleased to be able to continue this at RWC.”
Dan Mannix, CEO of RWC Partners, says: “We continue to have a unique opportunity with John and James’ team. To have raised over USD2 billion since they joined just over 12 months ago is a reflection of the exceptional team and processes they have developed. Since we launched these funds they have all delivered top quartile, and in some cases top decile, performance, and as we move into a more positive environment for the asset class we are looking forward to the continuing development of the team. At RWC Partners we are privileged to have brought on a team who are bringing with them a distinguished relationship in the form of RHG. We believe that it’s an essential component of sustainable success for our clients that we make significant commitments to the resources and development of our investment teams.”
