Friday, 30 January 2015
Last updated 1 hour ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…