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Ex-Hermes activist team relaunch with new fund

The 'Focus' team, under new management at RWC Partners, are intending to profit from resurgent interest in European equities

RWC Partners, the boutique manager that acquired Hermes' "Focus Funds" team of activist managers in September, has launched a new vehicle for them aimed at tapping interest from the US institutional market.

RWC is launching a new version of the team's European "Focus Fund", a highly-concentrated 10-20 stock portfolio that invests in troubled companies with the aim of turning them around.

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