London-based RWC Partners has appointed a 15 person investment team previously at Everest Capital to establish a new emerging, frontier and Asia equity business.
The firm has established a new office in Miami to support the team and is in the process of establishing an office in Singapore, subject to regulatory approvals.
The emerging and frontier market team is co-headed by John Malloy and James Johnstone.
Malloy is primarily in charge of the emerging markets portfolios whilst Johnstone is responsible for the frontier market portfolios.
Cem Akyurek has joined the team as emerging markets economist, while in Singapore, Garret Mallal will serve as portfolio manager and Min Chen will be focused on Asian equity research.
In addition, RWC Partners has appointed Simon Onabowale to head trading in Miami.
The firm has also established new funds replicating those previously managed by the team at Everest Capital, which cover long-only emerging and frontier markets and long-short frontier and Asian strategies.
Dan Mannix, CEO of RWC Partners, commented: “An extremely unusual set of circumstances allowed us to recruit a fully formed institutional quality emerging and frontier markets investment team. It is incredibly hard to build a team of the depth and breadth that John and James have over the last few years and we are all very pleased to have been able to create the environment for the team to stay together.
“The support we have seen from John and James’ clients is a real endorsement of the quality of the investment capability and we have in the region of $1.3bn (€1.15bn) of committed capital and expect to exceed $1.5bn (€1.33bn) across the strategies in the near future.”
RWC Partners manages over $10.1bn (€9bn) of assets as at 30 April 2015.