Fri, Sep 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

RWC's Allwright and Frost launch AR bond & currency team

Monday, November 01, 2010
Opalesque Industry Update - RWC Partners today confirmed that Peter Allwright and Stuart Frost have taken over day-to-day management of the RWC Cautious Absolute Rate and Currency (ARC) Fund. Frost and Allwright joined RWC Partners in October from Threadneedle where they were joint portfolio managers of the Threadneedle Target Return Fund, Absolute Return Bond Fund and the hedge fund, Macro Crescendo Trading Fund.

Allwright had been awarded two gold medals by Sauren in the Absolute Return sector. Old Broad Street Research (OBSR) and Standard & Poor’s (S&P) also recognised the quality of the funds Allwright co-managed, with A and AA ratings respectively for the Absolute Return Bond Fund.

The RWC Cautious ARC Fund is approximately $60m and will continue with its existing target of cash +3% over the market cycle; a target that matches two of the funds they were previously responsible for.

Allwright and Frost have long-track records in the fixed income world having over 20 years of combined experience in managing fixed income funds. Their investment approach involves core allocations to high grade fixed income, supplemented by alpha strategies that take advantage of investment opportunities in the fixed income and currency markets.

The fund is daily priced, UCITS III and is registered for sale in Italy, Germany, Luxembourg, the UK and Switzerland. The fund also offers existing fully hedged share classes in EUR, CHF, GBP and USD currency denominations.

Commenting on the appointments, Peter Harrison, Chief Executive Officer, RWC Partners, said:
“The demand for different UCITS III Absolute Return funds continues to grow apace. Over the last three years Peter and Stuart have established themselves as managers who navigated the financial crisis exceptionally well, by continuing to deliver on their absolute return targets despite the extremely challenging environment.

“Peter and Stuart’s strategy is particularly appealing for those investors who recognise the risks inherent in bond markets and want to seek to profit from them. The strategy takes advantage of opportunities in the bond and currency markets in both rising and falling rate environments.

“Many of the absolute return strategies in UCITS III still originate in the equity long short space. Peter and Stuart are Fixed Income and Macro experts who have managed absolute return funds in the UCITS space for many years. This approach has been particularly appealing to investors as it provides real diversification for those needing uncorrelated UCITS III strategies.

“Peter and Stuart have always been crystal clear with their clients as to what the drivers of returns have been in their funds. They provide full transparency and the focus on the rate and currency markets means investors know what they are getting in the fund. For professional investors and asset allocators alike this fund can form a core part of their absolute return allocations." Corporate website: www.rwcpartners.com

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big