Sunday, 24 May 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…