Schroders acquires a minority stake in RWC Partners

June 22, 2010

Schroders plc announced the acquisition of 49% of hedge fund manager RWC Partners.

A subsidiary of Schroders plc (“Schroders”), a global asset management company, acquired 49 percent of independent hedge fund manager RWC Partners Limited (“RWC”).  Schroders acquired the minority stake mainly from existing third party individual shareholders.  RWC will continue to operate as a separate legal entity and will be managed by the existing management team.  In addition, Nick Purves and Ian Lance, current Schroders’ stock fund managers, will be joining RWC in August.

RWC, which currently has $2.2 billion in assets under management, manages investments in a range of UCITS funds, alternative funds and institutional mandates.  RWC also had approximately $15 million in gross assets at the time of the transaction.

Schroders has approximately $250 billion in assets under management and services primarily major financial institutions, including, pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors. 

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Categories

Hedge Fund Strategic Investments, Investment Manager Strategic Investments, Transactions