Thu, Apr 18, 2024
A A A
Welcome Guest
Free Trial RSS pod
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   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1