View more on these topics

RWC launches currency fund

RWC Partners has launched a Ucits III enhanced absolute rate and currency fund for Peter Allwright and Stuart Frost.

Allwright and Frost joined RWC Partners in October last year from Threadneedle, where they co-managed the Threadneedle target return, absolute return bond and macro crescendo trading funds.

Their approach involves core allocations to short duration, high-grade fixed income securities, supplemented by alpha strategies which take advantage of investment opportunities in the fixed income and currency markets.

As well as investing in currency markets, these alpha strategies may take long and short positions in the bond markets.

RWC Partners says the strategy allows the duo to make positive returns through the market cycle, including environments such as the present where yields start tightening.

The new fund will feature daily dealing, with a fee of 1.5 per cent for the retail share class. It carries a performance fee of 15 per cent on returns over the London Interbank Offered Rate.

Recommended

7

FSA hits out at MMR criticism

The FSA has hit out at suggestions it is “steam rolling” through the mortgage market review and says it is taking its time to get things right. Speaking at a conference organised by Money Marketing’s sister title Mortgage Strategy yesterday, FSA manager of mortgage policy Lynda Blackwell said the regulator is not going to implement […]

Aviva Wrap cuts charges

Aviva Wrap is cutting its maximum charges from 0.55 per cent to 0.25 per cent for new customers investing in Isas and collective investments through the platform. The tiered annual charge is replaced by a lower flat-rate charge for Isas and collective investments. The reduced charges are applicable for new customers who invest between January […]

Fidelity presses for platform cash rebate rethink

Fidelity International has called on the regulator to rethink its proposal to ban cash rebates to investors to avoid further complicating the platform market. Head of UK fund partners Ed Dymott believes that the FSA’s plan to ban cash rebates but allow rebates to be reinvested as units will create deals only worth a few […]

A modern horror story

Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment