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RWC Partners’ Allwright and Frost to manage Cautious Absolute Rate & Currency UCITS

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High-alpha asset management firm, RWC Partners, have confirmed that Peter Allwright

High-alpha asset management firm, RWC Partners, have confirmed that Peter Allwright and Stuart Frost, who joined the firm from Threadneedle last month, will be managing their RWC Cautious Absolute Rate & Currency Fund. The pair previously managed Threadneedle’s non-UCITS Macro Crescendo Trading Fund, Target Return Fund and Absolute Return Bond Fund. RWC, which manages seven UCITS funds, launched the Lux-domiciled CARC fund end-2006 and has EUR52.6 million in AUM. It is a global multi-asset fund, investing in a range of bonds, equities, convertibles, as well as currencies at opportune times, to target returns of cash plus 3 per cent. Allwright and Frost bring over 20 years’ experience to the RWC team, specializing in making core allocations into high-grade fixed income securities. Year-to-date, fixed income UCITS, are, according to the UCITS Alternative Index, the best performers, up +4.21 per cent. Disciplined screening of potential positions combined with macroeconomic forecasts is used to deliver alpha to the fund with low volatility. RWC Partners’ CEO, Peter Harrison (pictured), said that Allwright and Frost were fixed income and macro specialists with experience managing absolute return UCITS funds. “Many of the absolute return strategies in Ucits-III still originate in the equity long/short space,” said Harrison, adding that the CARC fund “provides real diversification for those needing uncorrelated Ucits-III strategies”.

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