RWC Partners launches macro fund for Allwright and Frost

RWC Partners is preparing a regulated global macro hedge fund in January for new recruits Peter Allwright and Stuart Frost.

Allwright and Frost will replicate the strategy they employed for the Macro Trading Crescendo hedge fund they ran at Threadneedle from October 2008 to June 2010. Despite launching the vehicle during the worst year on record for hedge funds, the duo made about 15% by June 2010. RWC Macro fund will invest in liquid markets, mostly in rates and currencies instruments, but also in equity indices and commodities. The managers will use metrics such as capital flows, price analysis and macro economics to arrive at investment decisions. The duo recently took over RWC's Cautious Absolute...