London-based asset manager RWC Partners is setting up an office in Singapore to support the hire of a 15-person investment team from Everest Capital.
The firm has also established an office in Miami for the team, which will invest in emerging, frontier and Asian equities.
John Malloy will be responsible for the emerging market portfolios and James Johnstone will handle frontier market equities.
RWC has set up new funds replicating the Everest Capital products.
"An extremely unusual set of circumstances allowed us to recruit a fully formed institutional quality emerging and frontier markets investment team," says Dan Mannix, chief executive of RWC Partners.
"The support we have seen from John and James' clients is a real endorsement of the quality of the investment capability and we have in the region of $1.3 billion of committed capital and expect to exceed $1.5 billion across the strategies in the near future."
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