Newton's Clay and team to join RWC

Will establish global equity income strategy

Nick Clay is joining RWC after 20 years with Newton

Nick Clay is joining RWC after 20 years with Newton

Nick Clay, Andrew MacKirdy and Newton Investment Management colleagues responsible for the BNY Mellon Global Income fund are set to join RWC Partners.

Investment Week revealed last week that Clay and his team were set to leave the BNY Mellon Investment Management boutique, with Ilga Haubelt taking over lead management of the Global Income strategy and Newton's equity income hub. The team are now set to establish a global equity income strategy at RWC, sitting alongside the firm's UK equity income business. RWC chief executive Dan Mannix told the Financial Times that the firm's independent structure and boutique culture were "a significant component" of the Newton managers' decision to join. He added: "Across the City, investment ...

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