RWC Partners is preparing to launch the RWC Macro Fund, a new hedge fund strategy to be managed by Threadneedle veterans Peter Allwright and Stuart Frost, at the end of October.
The fund will replicate the Threadneedle Macro Trading Crescendo Fund, which the duo ran before leaving Threadneedle to join RWC last year. The new fund is expected to launch with at least $30 million from Allwright and Frost’s previous investors.
Between October 2008 and June 2010, when Allwright and Frost left, the Threadneedle fund generated total returns of more than 15%.
RWC Macro will be a discretionary,