REDWHEEL

Tord Stallvik and John Kleven are the co-founders and lead partners steering the firm's investment direction. Individual portfolio managers run their sleeves with high autonomy — the firm is structured as a collaboration of strategy heads rather than a single-CIO model. Decisions on stock selection and portfolio construction sit with the named manager on each fund, per the firm's partnership governance structure.

REDWHEEL was founded in 2013 as a spinout from RWC Partners, a London-based asset manager now owned by CI Financial. The founding team — led by Tord Stallvik and John Kleven — took convertible bond and equity strategies with them to establish a fully independent, partner-owned firm. The move was a structural bet that smaller, aligned teams produce better investment outcomes than consolidated platforms.

The firm runs both long-only convertible mandates and convertible arbitrage strategies, a combination that few boutique equity houses maintain in-house. The convertible team can invest across the capital structure of the same issuer, which provides an informational edge when assessing credit risk and equity upside simultaneously. This dual capability gives the firm a second, less equity-correlated return stream.

REDWHEEL is a pure asset manager, not a family office. It manages third-party institutional capital through UCITS funds and segregated mandates, with no single-family wealth backing the firm. The partner-ownership model means working investment professionals control the equity.

REDWHEEL does not operate co-investment vehicles or GP-stake programs. Its mandate universe is confined to public-market equities and convertible bonds, so the private-market co-investment structures common in family offices and alternatives managers are absent. Allocators seeking direct deal participation will not find it on this platform.