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Top-rated absolute return fixed income team to join RWC Partners

Thursday, July 01, 2010
Opalesque Industry Update - RWC Partners has announced that Peter Allwright and Stuart Frost will join to manage absolute return and currency funds.

Allwright and Frost are lead managers on the highly regarded Threadneedle Absolute Return Bond portfolios which have grown to more than $3bn since launch over four years ago. They are co-managers of the Threadneedle Absolute Return Bond Fund, which is AA-rated by Standard and Poor’s and A-rated by OBSR and also co-manage the Morningstar 5 star-rated Threadneedle Target Return Fund.

On joining, Allwright and Frost will take over the management of the RWC Strategic Reserve Fund and will be launching funds with a more flexible approach to risk later this year.

Allwright joined Threadneedle in 2005 as a global bond fund manager and is responsible for absolute return and high alpha strategies. In addition, he manages the Threadneedle European Bond and Global Bond Funds. Allwright is a highly experienced fixed income portfolio manager, having started his career on the trading floor of LIFFE in 1993. Prior to joining Threadneedle, he was a senior portfolio manager at Gartmore and Royal London Asset Management.

Frost joined the Threadneedle fixed income team in 2007 and is a highly experienced currency and fixed income trader, having held a number of senior positions at NatWest Markets for more than 20 years. Frost is a member of the Society of Technical Analysts and has studied all macro markets at the New York Institute of Finance.

Commenting on the appointments, Peter Harrison, Chief Executive Officer, RWC Partners, said: “Peter and Stuart have had extraordinary careers in the fixed income markets. Over the last five years they have been responsible for managing one of the most highly regarded absolute return franchises around. It is still extremely rare to find such experienced managers who have run funds in the UCITS space for such a long time.

“Their style is transparent, liquid and proven – three elements that are essential for our clients' portfolios in today’s market. Peter and Stuart join us with a great reputation in this space and we are looking forward to them developing our UCITS III absolute return funds.

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