RWC Partners has appointed Colin Moar as a senior analyst.to the team of Priya Kodeeswaran, who manages the RWC Global Innovation Absolute Alpha Fund.
The fund is a global long/short fund that takes positions in companies and industries that are undergoing change often caused by innovation.
Moar has over 17 years’ investment experience with research expertise across a number of sectors, with a particular focus on technology.
He began his career at Aviva Investors as an analyst on the UK and pan-European equity teams for 5 years followed by 7 years on the Global Equity team as an analyst then fund manager.
Moar then spent a year at HSBC Asset Management as a fund manager on the Global & Emerging Markets team before joining Polar Capital’s technology team.
Kodeeswaran commented : “Colin is highly experienced in the areas we focus on having spent over 17 years analysing and investing in technology stocks across global and emerging market equities. Our core philosophy is to focus on change and evaluate when those changes are mispriced by the market. This often leads us to technology orientated areas and the global universe allows us to take advantage of a broad set of opportunities.
“Currently, noticeable shifts in global central bank policies are causing macro level changes in FX and risk premiums that are not yet reflected in consensus estimates and market valuations. We feel that as a global long/short fund we are well placed to take advantage of these recent changes, particularly how the market values growth in different regions.
“Besides these macro-induced dislocations, we continue to exploit our historic secular change themes globally, whether in relation to mobile monetisation challenges in internet companies, the changing nature of media consumption particularly in video (broadcast to “on-demand”), or the payments space where we continue to see a structural move away from cash.
“Looking ahead, as the Fed considers removing excess liquidity in the financial system, driving up risk premiums, there will be greater focus on companies with weak business models, particularly recent IPOs that had taken advantage of the low cost of capital and will now be tested by the more pernicious market environment.”
Turn on TV news market reports, flick to the financial commentary in the business pages, and more often than not those holding forth their views of the sector will be male.
Sometimes referred to as the ‘biggest manager you have never heard of’, Jonathan Boyd has caught up with PGIM for insight into its Europe region developments as part of global expansion