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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

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

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of