RWC Partners to launch Macro Hedge Fund

Dan Mannix

RWC Partners will launch the RWC Macro Fund at the end of October. Managed by Peter Allwright and Stuart Frost, the Fund will replicate the Threadneedle Macro Trading Crescendo Fund for which they were previously responsible. Between October 2008 and June 2010, they generated total returns for this fund of over 15%. The RWC Macro Fund is a discretionary, macro trading strategy investing across liquid rate and currency markets. Equity indices and commodities will also be used to express the macro trading views of the team. Aiming for 15% annualised returns, the strategy is highly liquid and flexible offering an investment approach that can make good positive returns in a variety of market conditions. The fund is expected to launch with a minimum of $30m from Allwright and Frost's previous investors. Offering monthly liquidity, with 15 days notice for redemptions, it is a highly liquid strategy. Macro remains one of the most enduring hedge fund strategies mainly due to its ability to generate returns through the cycle.

Commenting on the forthcoming launch, Dan Mannix, Head of Business Development, RWC Partners, said: "Following requests from investors who previously allocated to Peter and Stuart's hedge fund we have decided to roll out the RWC Macro fund at the end of October. We believe the levels of transparency and liquidity that Peter and Stuart's approach allows is particularly appealing for the current investment climate."