Schroders plc acquires 49% stake in RWC Partners
|June 22nd, 2010||
|Yesterday, Schroders PLC (LSE: SDR) announced its acquisition of a 49% stake in RWC Partners Ltd., the London-based asset management firm and hedge fund operator. According to Dow Jones Newswires, the fund manager did not disclose RWC’s purchase price, although in cases of full ownership acquisition like F&C Asset Management PLC’s (FCAM.LN) buy purchase of Thames River Capital or Man Group PLC’s (EMG.LN) purchase of GLG Partners, the figures can total to anywhere from 1% to 7% of assets under management.|
RWC Partners, formerly MPC Investors Ltd., is an asset management firm founded in 2000 with $2.2 billion in assets under management. The firm serves mainly institutional clients and manages long/-short European and US equities funds, long-only and long short UK equities funds, a global convertible bonds fund, and multi-asset, absolute return portfolios.
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