Wednesday, 25 November 2015
Last updated 46 min 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…