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

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.