Wednesday, 30 July 2014
Last updated 13 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…