Thames River Plans Second Share Sale Since July

Oct 4 2007 | 7:47am ET

Thames River Capital is preparing to boost the assets in its publicly-traded hedge fund vehicle for the second time in the second half.

The £154 million Thames River Multi Hedge fund of funds had already doubled in size in July, raising £73 million in new assets. Thames River plans to issue between £50 million and £100 million in new shares, it told the London Stock Exchange yesterday.

The firm said the closely-bunched share sales are needed to meet demand.

Multi Hedge has enjoyed strong performance over the past six months, as many other hedge funds suffered, rising 11%. The shares are currently trading at a 4% premium to net-asset value.

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