Wed, Aug 5, 2015
A A A
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: www.rwcpartners.com

- 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. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  2. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  3. Performance - Some hedge fund small-cap energy stocks have been free falling, Dan Loeb's simple strategy destroys the market, Baupost lost 1.4% last quarter as energy bargains proved elusive[more]

    Some hedge fund small-cap energy stocks have been free falling From Marketrealist.com: According to a July 28, 2015, Bloomberg article, there was a 34% fall in small-cap energy stocks over the past three months. These shares are tracked by the Russell 2000 Energy Index. Small-cap energy

  4. Legal - Hedge funds hit Rothstein Kass with $75m malpractice suit, JPMorgan questioned on private bank’s hedge fund disclosures, Kijani fund, seized by regulators in Cayman Islands, spotlights risks in lightly regulated market[more]

    Hedge funds hit Rothstein Kass with $75m malpractice suit From Law360.com: Two investment funds have sued Rothstein Kass & Co. PC for at least $75 million, claiming the New Jersey auditing firm committed accounting malpractice by failing to properly scrutinize overblown valuations of the

  5. Assets - Hedge funds are getting smoked by the commodities slump, Global ETF assets could more than double by 2020[more]

    Hedge funds are getting smoked by the commodities slump From Businessinsider.in: The collapse in commodity prices has burnt another hedge fund. Vermillion, a commodity hedge fund backed by Carlyle Group, has seen its flagship fund's assets fall from nearly $2 billion to less $50 million,

 

banner