RWC Partners’ UCITS-III RWC Enhanced ARC (Absolute Rate and Currency) Fund, to be managed by Peter Allwright (pictured) and Stuart F
RWC Partners’ UCITS-III RWC Enhanced ARC (Absolute Rate and Currency) Fund, to be managed by Peter Allwright (pictured) and Stuart Frost, has had its proposed launch brought forward. Earmarked to launch end of Q1, it’ll now go live in February in response to client demand. The pair have been managing the RWC Cautious ARC Fund since they joined RWC Partners in October 2010 – a conservative fund with annualised target returns of cash +3 per cent. This new fund, however, is more aggressive. Allwright and Frost will use approximately twice the risk budget to achieve the cash +6 per cent target. Their approach will involve making core allocations to short duration, high-grade fixed income securities in addition to taking strategic positions in both the bond and currency markets to generate alpha. Both long and short positions will be held in the bond market to generate alpha. Institutional share class fees will be 0.8 per cent, retail fees will be 1.5 per cent.
Dan Mannix, Head of Business Development at RWC Partners, said: “Given the yield environment we have had a number of requests from our investors to accelerate the launch timetable for Peter and Stuart’s new fund.” The approach by Allwright and Frost will allow them to make returns in both markets in the event of yield tightening. Mannix added that a strong focus would be placed on capital preservation. “Their (Allwright and Frost) historical track-record demonstrates that this approach has been extremely effective in the very challenging environments we have seen over the last few years,” said Mannix. RWC Partners plans on registering the fund across Europe, including Italy, Germany, Luxembourg, UK and Switzerland.
