Thames River Profits Fall

Sep 10 2010 | 12:49pm ET

In its last earnings report as an independent firm, Thames River Capital had bad news for investors but good news for its partners.

The firm, which was acquired by F&C Asset Management this month, said its profit fell by more than 40% to £20.5 million in the year-ended June 30. Assets under management rose from US$5.3 billion to US$5.5 billion, but that wasn’t enough to make up for the firm’s underperforming hedge funds.

Still, the firm’s 25 members enjoyed a handsome final payout before entering the F&C fold. Partners split £25.9 million—more than the firm made during the fiscal year. Still, that was a sizeable pay cut from the previous year, when 19 partners split £41.1 million.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of