Wed, Nov 25, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

RWC Partners macro fund managed by Allwright and Frost to launch at the end of January 2011

Monday, November 29, 2010
Opalesque Industry Update - RWC Partners today announced it will launch the RWC Macro Fund managed by Peter Allwright and Stuart Frost at the end of January 2011. The fund will be the first fund that RWC Partners will domicile in Ireland. Subject to approval it will be structured as an Open Ended Investment Company (OEIC) and will be a Qualified Investment Fund (QIF).

Allwright and Frost were previously responsible for the Threadneedle Macro Trading Crescendo Fund and their new fund will replicate this strategy. They managed their previous hedge fund from October 2008 until June 2010 and, despite the financial and hedge fund crisis, total returns for the fund were over 15%.

The RWC Macro Fund will invest in opportunities across liquid markets with a strong emphasis on rates & currencies. Equity indices and commodities will also be used to express the macro trading views of the team. The team have developed an investment process based around capital flows, price analysis and macro economics that has the flexibility to perform in most market environments.

Allwright and Frost have strong track records in the macro trading world both having had long-standing careers in trading and analysis at investment banks. In particular Frost spent over 20 years at NatWest Markets where he developed a reputation globally for his knowledge and skill in the area of chart based trading and analysis.

Allwright and Frost recently assumed responsibility for the RWC Cautious ARC Fund which is a low volatility UCITS III Fund. They have already seen good growth for the fund with assets increasing by 33% in November 2010 to $80m.

Commenting on the forthcoming launch, Dan Mannix, Head of Business Development, RWC Partners, said:

“Macro remains one of the most enduring hedge fund strategies mainly due to its ability to generate returns through the cycle. Peter and Stuart spent many years trading and analysing macro markets within investment banks before moving to manage hedge funds. Since then their experience and approach have allowed them to navigate the financial crisis whilst making money and avoiding signficant drawdowns. We also believe the levels of transparency and liquidity that Peter & Stuart’s approach allows is particularly appealing for the current investment climate.

“We have decided to domicile this fund within the EU as a direct consequence of the regulatory uncertainty related to the marketing of hedge funds. We expect to see signficant demand for the fund and are structuring it to meet the highest standards of external oversight and governance. Structuring the fund as a Dublin domiciled QIF allows the team to replicate the investment strategy of their previous hedge fund.” Corporate website:

- FG

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. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  2. Chicago-based Achievement A. M. is shutting down hedge fund following losses[more]

    Komfie Manalo, Opalesque Asia for New Managers: Achievement Asset Management, a Chicago-based hedge fund firm, has announced it is closing down its hedge fund operation following losses on energy market bets this ye

  3. Lyxor Hedge Fund Index up 0.1% (+0.4% YTD) as global macro and CTAs outperform[more]

    Komfie Manalo, Opalesque Asia for New Managers: Global macro and CTAs outperformed the hedge fund space and delivered positive returns last week amidst difficult market conditions, with the Lyxor Hedge Fund Index up

  4. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  5. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the