RWC Partners has appointed Peter Allwright and Stuart Frost to manage absolute return and currency funds.
Allwright (pictured) and Frost are lead managers on the Threadneedle Absolute Return Bond portfolios which have grown to more than USD3bn 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.
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.
Frost joined the Threadneedle fixed income team in 2007 and is an experienced currency and fixed income trader, having held a number of senior positions at NatWest Markets for more than 20 years.
Peter Harrison, chief executive officer, RWC Partners, says: “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."
