RWC Partners has snagged Threadneedle executives Peter Allwright and Stuart Frost to manage the firm's absolute return and currency funds.
Most recently, Allwright and Frost served as lead managers on the Threadneedle Absolute Return Bond portfolios, which have grown to more than $3 billion since launch over four years ago, as well as co-managers of the Threadneedle Target Return Fund.
At RWC, Allwright and Frost will take over the management of the RWC Strategic Reserve Fund and are tasked with launching new funds later this year.
Allwright joined Threadneedle in 2005 as a global bond fund manager and was responsible for absolute return and high alpha strategies. In addition, he managed the Threadneedle European Bond and Global Bond Funds. Frost joined the Threadneedle fixed income team in 2007.
“Peter and Stuart have had extraordinary careers in the fixed income markets," said Peter Harrison, chief executive officer of RWC Partners. "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."