Thames River Unveils UCITS III Absolute Return Fund

Jan 14 2010 | 8:50am ET

London-based Thames River Capital has launched a UCITS III absolute return fund of funds with £47 million in assets under management.

The new vehicle—the Thames River Absolute Return Fund—is being managed by alternatives specialist Ken Kinsey-Quick and assistant fund manager James Rou. The pair will invest on a global basis, across multiple asset classes with a bias towards more liquid asset classes and the developed world.  Initially, the portfolio will be biased toward market neutral equity and macro funds reflecting the team’s outlook for equities, which, they believe, will struggle to break their 2007 highs, and that volatile financial markets will suit macro managers.

The Thames River Absolute Return Fund will invest in a diversified portfolio of 20-40 absolute return funds with allocations of between 1- 5% of NAV. These include equity long-short, global macro, convertibles, credit, event driven and emerging markets long-short. The fund has a target return of 5-10% with a 5% volatility target and weekly liquidity.

“Markets have rallied aggressively since their 2009 March lows but many investors missed the rally and remain nervous about investing post the upturn in the market whilst the return on cash is almost negligible,” said Michael Warren, investment director at Thames River. “This Fund offers a suitable low risk alternative to the more cautious investor.”

Kinsey-Quick added, “Over the past few years, many experienced hedge fund managers have established UCITS III absolute return funds and our proprietary database includes a talent pool of well over 300 absolute return funds.  Although the track records of many of these UCITS funds are short, the managers themselves are well known to us and have extensive experience managing offshore vehicles”


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.