Tuesday, 26 May 2015
Last updated 11 min ago
May 24 2007 | 10:14am ET
Thames River Capital last month launched the Thames River 2X Currency Alpha, a Cayman Islands-based currency fund of funds, with US$15.2 million. The firm said it will follow up this latest offering with another launch, that of the Thames River 1x Currency Alpha Fund, on June 29.
Thames River’s new vehicle will invest in 10 to 20 managers employing a broad array of styles, including fundamental and technical analysis, quantitative and discretionary trading, short-term and long-term, with a focus on both developed and emerging markets, according to fund documents.
The fund of funds is targeting returns of cash plus 10% annually net of fees. It charges 1.5% for management and 10% for performance, with a minimum investment requirement of US$10,000, £10,000 or €10,000.
The firm has also hired Michael Warren, who recently joined the Thames River board in the newly-created position of investment director, responsible for driving the firm’s business development. He joins from HSBC Investments, where he served as a managing director of sales and marketing.
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…