RWC plans funds for poached Schroders duo

Schroders stalwarts Ian Lance and Nick Purves are to join RWC Partners in August to run Income and Value vehicles for the boutique

Long-standing Schroders duo Nick Purves and Ian Lance are to join RWC Partners to run products similar to their £1.5bn Schroder Income fund. RWC plans to roll out two funds for the pair in September and is considering adding a covered call strategy to its range. Purves and Lance will join the boutique in August and will run new Income and Value vehicles Both Ucits III funds will be domiciled in Luxembourg, carry a sterling share class and be available to both retail and institutional investors. RWC head of business development Dan Mannix says the addition of Purves and Lance will ...