RWC Partners has announced that Nick Clay will join the organisation to lead a new Global Equity Income investment team. RWC has also recruited Andrew MacKirdy, Robert Canepa-Anson and Colin Rutter from Newton as additional members of the team.
Nick joined Newton in 2000 and has been a member of the c. £10bn Newton Global Equity Income team since 2012, leading it from 2015. This category-leading strategy has delivered top quartile returns and a growing income stream for its investors across 1, 3 and 5 year time periods1.
RWC currently manages c. £3bn in UK equity income strategies2. Led by Nick Purves and Ian Lance, who joined the organisation in 2010, this team runs a range of value-oriented UK funds. The new global team to be headed up and developed by Nick Clay will allow RWC to offer additional, complementary income solutions to its clients.
Dan Mannix, CEO, RWC Partners commented:
“Although we find ourselves living in extraordinary times, our structure allows us to focus on the longer term. We are a privately owned organisation which affords us the commitment and stability to continue to develop the services we offer to our clients.
“Nick has highlighted that the way we are structured and operate was a significant component of his decision to join us. We are centred around having strong corporate stability and autonomous investment teams, each of which is highly experienced and deeply trusted.
“We believe equity income strategies are an increasingly sought-after asset class following the collapse in bond yields globally. Nick has an incredibly disciplined and objective approach to finding high quality companies that generate sustainable dividend streams; this is a really important tool for income seeking investors.
“With the exceptional levels of uncertainty in the world we believe that experience, calm heads and process differentiates fund managers. Nick has been investing for over 30 years and has demonstrated all of these capabilities. At a time when the importance of trust has never been greater, Nick brings a strong addition to our organisation and our clients.”
- Source: Morningstar, as at 20th March 2020. Performance compared is for the BNY Mellon Global Income Inst shareclass versus the IA Global Equity Income sector.
- Source: RWC Partners, as at 19th March 2020