Thames River’s Kinsey-Quick Sees UCITS Hurting Funds Of Funds

Apr 19 2010 | 12:48pm ET

A Thames River Capital fund of hedge funds executive says UCITS III-compliant hedge funds are likely to hurt the funds of funds business.

Ken Kinsey-Quick, who manages Thames River’s Absolute Return fund of funds, said the liquidity of UCITS funds would prove too alluring for retail investors, the Financial Times reports.

To combat that, Kinsey-Quick and his co-manager, James Rous, focus on the liquidity of the portfolios of the underlying managers in their £60 million fund. And they only invest in managers who invest in their own funds.

Kinsey-Quick last week slashed his fund’s allocation to the Gartmore European Absolute Return fund due to the suspension of co-manager Guillaume Rambourg for alleged violations of internal rules.

“Performance is always key, so we will be watching this carefully to see if the whole affair is a distraction or not,” he said.

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