RWC Partners is preparing to unveil two long-only European funds for former Fidelity veteran manager Graham Clapp in Q4.
Clapp joined RWC in September after the firm acquired Pensato Capital, which he founded. Prior to this, the manager spent 22 years at Fidelity, where he ran the €25bn European Growth fund. Seven other team members from Pensato also moved across to RWC following the acquisition. RWC will now launch the European Growth fund and the Continental Europe Growth fund for Clapp and the team. The first fund will mirror Pensato's Cayman-domiciled European Equity fund, while the second will have a limit on its UK exposure. Both funds will sit in the firm's UCITS range, which has $3.5bn in a...
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