Allwright and Frost take over RWC Cautious ARC fund

Former Threadneedle managers Peter Allwright and Stuart Frost have taken over management of the RWC Cautious Absolute Rate and Currency fund.

The pair joined RWC Partners in October from Threadneedle, where they were joint managers of the Threadneedle Target Return and Absolute Return Bond funds, and the Macro Crescendo Trading hedge fund. The $60m (£37m) portfolio will retain its target of cash plus 3% over the market cycle, the same target the managers had on their Threadneedle funds. "Over the last three years Peter and Stuart have established themselves as managers who navigated the financial crisis exceptionally well, by continuing to deliver on their absolute return targets despite the extremely challenging environmen...