RWC Partners is to launch two long-only European growth equity Ucits funds.
The new funds will form part of RWC’s Ucits range, which currently accounts for around $3.5 billion (€2.9 billion) of the firm’s $12 billion assets under management.
The funds will be managed by Graham Clapp who previously worked for Fidelity UK where he managed the €25bn Fidelity European Growth Fund before launching his own business, Pensato Capital, in 2008.
Clapp’s investment team of seven portfolio managers and analysts joined RWC in September 2017 from Pensato Capital.
RWC chief executive Dan Mannix said: “We are seeing increasing interest in the European equity space and believe the asset class currently offers long-term strategic investors a real opportunity.
“European equities have for many years been priced at a discount to other main stock markets. Many believe that this discount has been justified by greater political and economic uncertainty surrounding continental Europe.”
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