RWC launches absolute return bond fund for Allwright and Frost

Former Threadneedle managers Peter Allwright and Stuart Frost are to launch an absolute return bond/credit fund at RWC Partners.

The RWC Enhanced Absolute Rate & Currency (ARC) fund will launch at the beginning of February using the process the managers employed on the Threadneedle Absolute Return Bond fund. It will target a return of cash plus 6%, taking advantage of short-term movements in bond markets using Ucits III tools. Head of business development at RWC, Dan Mannix, said the launch was planned for the end of the first quarter but was brought forward due to client demand. There are already commitments of up to $40m for the fund. Allwright and Frost have already taken over the Cautious ARC fund at ...