Thames River multi-managers Gary Potter and Rob Burdett are set to become one of the first investors in Nick Purves and Ian Lance's new RWC income products.
Potter and Burdett, who run one of the UK's largest multi-manager ranges, are set to put an initial £5m-£10m into the RWC Enhanced Income fund, which uses a yield-boosting covered call strategy similar to the duo's former Schroder Income fund.
The Thames River managers are also looking closely at the RWC Income Opportunities fund, which will incorporate Purves and Lance's best global ideas alongside more traditional UK equity positions.
Burdett and Potter's Thames River Distribution fund already has a position in Schroder Income Maximiser, which is now run by Nick Kirrage and Kevin Murphy. Potter says he is comfortable holding both value strategies in the portfolio.
"Kirrage and Murphy have a similar style to Purves and Lance, they all have a sensible and smart investment philosophy which focuses on high-quality companies," he says.
"We have been investing with Schroders in the income space for many years, all the way back to Ian McVeigh, and we will keep this position. But we have been big fans of Nick Purves for many years and are keen to bring him back into our fund.
"In addition to this, the ability of the Enhanced Income and Income Maximiser to generate a 7% yield in the current market and economic environment should not be underestimated."
RWC Income Opportunities launched on Wednesday, while Enhanced Income will be rolled out on 13 October.
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