Omnis drops RWC Partners for Barings on European Equity Opps fund

Fund will be led by head of small cap equities Nick Williams

Omnis Investments has dropped RWC Partners as manager of its £273m AUM European Equity Opportunities fund, which from 17 May will be managed by Barings Asset Management.

Following "extensive research" conducted by Omnis' performance and risk committee, supported by consultants Fundhouse, the firm said Barings was selected against "key Omnis criteria and a stringent due diligence process". Fidelity replaces Jupiter on £227m Omnis European Equity Leaders mandate Sitting within the IA Unclassified sector, Omnis European Equity Opportunities aims to achieve a return consisting of both income and capital growth which, after all fees and expenses, exceeds the FTSE World Europe ex UK TR index over a five-year rolling period. Since its August 2019 launch, ...