Thames River Ops. Head Out As F&C Cuts Costs

May 15 2012 | 12:22pm ET

Jeremy Charles is leaving Thames River Capital, a year after the hedge fund was acquired by F&C Asset Management.

Charles will "pursue opportunities outside of" F&C, the firm said. His exit as operations director comes amidst "a group-wide re-engineering of our operations, administration and IT functions," spokeswoman Tracy Fennel said in the statement.

That cost-cutting effort is the brainchild of new F&C Executive Chairman Edward Bramson, head of activist investor Sherborne Investors. Bramson, a sharp critic of the Thames River acquisition, ousted former chairman Nick MacAndrew last year.

Charles will be replaced by Hugh Moir, head of client solutions and strategy at F&C. Moir will now oversee operations and information technology at Thames River.

Charles had spent six years at Thames River.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of