Peter Allwright and Stuart Frost will join RWC Partners at the end of September as partners and portfolio managers.
The two will manage absolute-return bond funds and currency funds, first assuming management of the RWC Strategic Reserve Fund from co-portfolio managers Peter Harrison and Davide Basile, who will continue to manage other funds, confirmed Sarah Riemenschnieber, an RWC spokeswoman. Messrs. Allwright and Frost's positions are new.
Messrs. Allwright and Frost are global bond portfolio managers at Threadneedle Investment Services and had managed the $3 billion Threadneedle Absolute Return Bond portfolios as well as other funds. Threadneedle spokeswoman Ella Tekdag did not return a call seeking information about replacements for the two men. However, the firm's website on Thursday listed Quentin Fitzsimmons as lead portfolio manager of the absolute-return fixed-income fund.