RWC plans macro hedge fund for Allwright and Frost

RWC Partners is to launch a hedge fund for Peter Allwright and Stuart Frost to replicate the strategy of the Macro Trading Crescendo fund they previously managed at Threadneedle.

The group initially planned to launch a fund for the duo when they joined October 2010. However, the group decided to bring the UCITS funds – Enhanced ARC (Absolute Rate & Currency), a cash plus 6% fund, and Cautious ARC, cash plus 3%, – to the market first. Cautious was an existing offering while Enhanced was launched in February. RWC Macro will launch at the end of October, targeting annualised returns of 10% to 15%. It will invest in bonds, currencies, rates and commodities in an unregulated hedge fund structure. The Macro Trading Crescendo fund came to the market in October 200...