Threadneedle duo quit to join RWC

8 July 2010 | By Nick Rice, Chris Salih

Threadneedle absolute return fund managers Peter Allwright and Stuart Frost are leaving the firm to join RWC Partners.

RWC head of business development Dan Mannix says the pair will take on the management of the group’s strategic reserve fund. The fund was managed by Miles Geldard, who left with Lee Manzi to join Jupiter.

RWC is expected to launch more aggressive products for the pair at a later date.

Allwright joined Threadneedle in 2005 as a global bond fund manager and is responsible for absolute return and high-alpha strategies. He also manages the Threadneedle European bond and global bond funds. Frost joined the Threadneedle fixed-income team in 2007 and manages the absolute return bond, target return and target return core strategies.

Quentin Fitzsimmons is now lead manager on the Threadneedle absolute return bond and target return funds. Martin Harvey is lead manager of the European bond fund and a co-manager on the global bond fund with Dave Chappell. Alasdair Ross is deputy fund manager of the European vehicle.

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