Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

RWC alters global macro strategy to include converts

RWC alters global macro strategy to include converts

RWC Partners has rebranded its global macro Alternative Ucits fund and permanently installed David Basile and Lakshman Harendran as lead managers.

Basile had assumed responsibility for the RWC Cautious Absolute Rate and Currency fund following the departure of previous managers Peter Allwright and Stuart Frost in July.

The London-based investment boutique has now confirmed Basile and Harendran, who are both members of its global convertible bond team, as co-leads on the fund.

In addition, RWC Partners has renamed the fund RWC Core Plus and changed the strategy to have a keener focus on convertibles.

It will now be centred on a core portfolio of convertible bonds, which will be complemented by other assets classes for the purposes of hedging.

RWC Partners said the fund's new approach will have many of the benefits of a traditional convertible bond fund but it will have additional flexibility to express the macro views of the team, which will help to reduce downside volatility and enhance returns.

Commenting on the changes, Dan Mannix, CEO of RWC Partners, said: ‘Davide and his team have demonstrated over many years that they are among the best convertible managers in the market and convertibles provide the perfect starting point for total return strategies.’

Allwright and Frost had co-run the fund since joining from Threadneedle in November 2010. Their destination upon exiting RWC Partners has not yet been revealed.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Davide Basile
Davide Basile
8/19 in Bonds - Convertibles Global (Performance over 3 years) Average Total Return: 22.10%
Peter Allwright
Peter Allwright
Stuart Frost
Stuart Frost
Citywire TV
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter