Saturday, 18 April 2015
Last updated 10 hours ago
Jul 19 2013 | 9:52am ET
Portfolio managers Peter Allwright and Stuart Frost have left RWC Partners.
Allwright and Frost joined RWC in October 2010 from Threadneedle where they were the joint portfolio managers of the Threadneedle Target Return Fund, Absolute Return Bond Fund and the hedge fund, Macro Crescendo Trading Fund.
At RWC, they worked in rates and currencies, managing the RWC Cautious Absolute Rate & Currency fund.
An RWC spokesman told the Financial News the two left in March. Allwright has joined Nomura, where he had previously worked as a proprietary trader; Frost's current employer is unknown.
According to the RWC spokesman, David Basile took over management of the RWC Cautious Absolute Rate & Currency fund in March. Basile joined RWC in January 2010 to lead the global convertible bond team.
The RWC Cautious Absolute Rate & Currency fund, with under $5 million in assets, has performed negatively in 21 of the 24 12-month rolling periods over the last three years for which performance figures were available, according to June data from the Investment Management Association.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…