RWC Partners chief executive Dan Mannix discusses how the firm’s partnership with Schroders came to a ’natural’ end.
RWC Partners chief executive Dan Mannix said that the firm’s relationship with Schroders was ‘productive’ but had reached the point ‘where we were potentially competing with them’.
In October, RWC Partners struck a partnership with Boston-based Lincoln Peak Capital after long-term investor Schroders sold its stake in the business.
Schroders initially bought a 49% holding in the investment boutique, which runs $18 billion (£14 billion) in 2010, later allowing it to be diluted to 41%.
In this Citywire Virtual video, Mannix also discusses the recent hire of Newton’s £10bn global equity income team, headed up by Nick Clay, what attracted them to the business, as well as RWC’s plans for the future.