Saturday, 24 January 2015
Last updated 1 day ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…