Wednesday, 27 July 2016
Last updated 12 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.