Allwright, Frost Leave RWC

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...