Thames River Launches GEM Fund For F&C Group

Apr 26 2011 | 10:18am ET

The F&C Group will launch the Thames River Global Emerging Markets Absolute Return Fund managed by Kristof Bulkai and Hugo Roberts.

The fund, to be launched June 1, will target annual returns in the high teens (net fees), employ a top-down macro approach, and draw on the absolute return expertise of the team at Thames River, a boutique asset manager acquired by F&C in 2010.

Bulkai and Rogers will join the 11-member F&C emerging equities team led by Jeff Chowdhry, which managed $5.6 billion of emerging and Asia ex-Japan equity assets.

Lead manager Kristof Bulkai said: "In the past decade the rising tide in emerging markets has lifted all boats. But there is an increasing divergence in performance between sectors, which makes an absolute return approach more appropriate going forward.

"But while many supposedly ‘absolute return' funds oscillate between being fully invested in equities and having a high cash weighting, this fund will be as active on the short side as it is in its long portfolio. That approach has enabled us to make a positive return on the Water & Agriculture Absolute Return fund over the last two years in spite of the challenging market backdrop."

F&C is a diversified investment manager operating in nine countries and managing assets worth £105.8 billion as of December 31, 2010.

 


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note