Demand for Purves and Lance drives RWC to record assets

RWC Partners is continuing to build on its record AUM levels as the group sees strong investor demand for Nick Purves and Ian Lance's new income products.

The boutique has seen its assets swell to almost $4bn after significant flows in recent months, with former JPM star manager Ajay Gambhir also attracting strong investor interest. Purves and Lance, who moved from Schroders in August, have launched two products at the group, the RWC Income Opportunities and Enhanced Income funds. The Income Opportunities, which is based upon a traditional UK equity income fund but gives added flexibility to incorporate global ideas, has grown to nearly £45m in less than two months since launch. Enhanced Income, which utilises the same strategy as th...