Fund launches & closures

RWC lines up macro launch for former Threadneedle managers

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RWC Partners is launching a new global macro hedge fund for recent hires Peter Allwright and Stuart Frost, a highly-rated duo who recently joined the firm from Threadneedle. The RWC Macro Fund, which will be the firm’s first hedge fund to be domiciled in Ireland, is expected to launch at the end of January.

Allwright and Frost previously managed the Threadneedle Macro Trading Crescendo Fund and the new offering will replicate this strategy. The duo managed the Threadneedle fund from October 2008 until June 2010 and, despite the financial crisis, made total returns during the period of more than