RWC adds Asian offering to Convertibles range

RWC Partners has expanded its convertibles range with a fund focusing specifically on the Asian region.

The group has launched the Asia Convertibles fund so manager Davide Basile can take more meaningful positions in the Asian market through a smaller and more nimble fund.  The new portfolio, which launched on 8 June, will be capped when it reaches $300m-$350m for this reason. Basile is the head of convertible bonds at the firm and also runs the group’s $1.2bn Global Convertibles fund. His fund has seen a significant rise in inflows recently, taking $165m in the first quarter of 2011 alone, as investor appetite for the asset class increases. Dan Mannix, head of business developmen...