Nick Clay: RWC Partners 'appropriate' home for global income strategy

Manager upbeat about fund's future at new home

RWC Partners is the "appropriate" home for Nick Clay's global income strategy, according to the manager, who said the November relaunch frees the fund from the pressures of a larger business and ensures its success over the next decade.

Clay left BNY Mellon Investment Management last year alongside his colleagues after eight years managing BNY Mellon Global Income, and in November relaunched the strategy as TM RWC Global Equity Income.  Speaking to Investment Week, Clay explained that the driving force behind the team's decision to move to RWC was its "culture and ownership structure" as an employee-owned firm.  "It is far more likely to be the appropriate structure to be able to have some kind of certainty that running this strategy and process will be successful for the next ten to 15 years," he said. "It is a r...