Threadneedle absolute return and currency managers Peter Allwright and Stuart Frost are to join RWC as the firm continues its recruitment drive.
Allwright and Frost manage the Threadneedle Absolute Return Bond and Target Return funds.
Following their departure, Quentin Fitzsimmons, the head of government bonds at Threadneedle, will take on the lead management of the funds with immediate effect. He will be the desk head for both the government bond and absolute return products, supported by Dave Chappell and Martin Harvey.
Threadneedle has recently bolstered its government debt team with the appointment of Richard Stevens as a portfolio manager, while Vladimir Gersamia has joined the emerging market debt team.
On joining RWC, Allwright and Frost will take over the management of the RWC Strategic Reserve fund and will be launching mandates with a more flexible approach to risk later this year.
RWC CEO Peter Harrison says: "Peter and Stuart have had extraordinary careers in the fixed income markets.
"Over the last five years they have been responsible for managing one of the most highly regarded absolute return franchises around.
"It is still extremely rare to find such experienced managers who have run funds in the Ucits space for such a long time. Their style is transparent, liquid and proven - three elements that are essential for our clients' portfolios in today's market."
Their appointment follows last month's announcement that Schroders duo Nick Purves and Ian Lance were joining the boutique.
