Thames River Capital will launch a global emerging markets fund at the beginning of June.
The firm said the new vehicle will be UCITS III-compliant with daily liquidity. It will target annual returns in the high teens, and will be managed by Kristof Bulkai and Hugo Roberts. The duo, who currently co-manage Thames River's Water and Agriculture Absolute Return and ISIS funds, will employ a top-down macro approach.
"In the past decade the rising tide in emerging markets has lifted all boats," Bulkai said. "But there is an increasing divergence in performance between sectors, which makes an absolute return approach more appropriate going forward."
The Global Emerging Markets Absolute Return Fund will launch on June 1.