F&C Pulls Plug On Listed Fund Of Funds

Jun 10 2013 | 10:08am ET

F&C Investments has shuttered a listed hedge fund it acquired when it bought Thames River Capital three years ago.

The firm said it was winding-down the Thames River Multi Hedge Fund and returning capital to investors. The fund, managed by Ken Kinsey-Quick, has about £56 million in assets under management.

F&C announced plans to shut the fund last year, due to underperformance and its discount to net asset value. The firm also said it had suffered £4.9 billion in outflows in the fourth quarter.

F&C shuttered another Kinsey-Quick fund two years ago; he continues to manage three other funds at the firm.

The demise of the Multi Hedge Fund is only the latest among the rapidly-shrinking listed hedge funds industry.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of