RWC Partners’ Peter Allwright and Stuart Frost have taken over day-to-day management of the RWC Cautious Absolute Rate and Currency Fund.
Frost and Allwright (pictured) 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.
The RWC Cautious ARC Fund is approximately USD60m and will continue with its existing target of cash plus three per cent over the market cycle, a target that matches two of the funds they were previously responsible for.
Allwright and Frost have 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.
Peter Harrison, chief executive officer, RWC Partners, says: “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."