Thames River To Open Long/Short Financial Hedge Fund

May 22 2008 | 2:00am ET

U.K.-based multi-strategy hedge fund shop Thames River Capital next month will open its Argentum Fund, an equity long/short vehicle investing in global financial stocks, including property.

The fund was launched last July and is managed by Jeff Thomson and Nic Ziegelasch. In its first nine months of trading the fund is relatively flat, down 0.37%.

According to a fund presentation obtained by FINalternatives, Argentum focuses on U.K. financial stocks with no market cap restrictions and screens some 750 names in the financials universe. Its portfolio holds between 40 and 60 positions with a gross exposure of less than 200% and net exposure between -50% and 150%.

Thames River is bullish on the financials sector because it believes valuations are at or close to historical lows on most measures and says earnings downgrades have been substantial. There is also extreme investor pessimism and increased opportunities for stock picking on both the long and short side.

On the short side, the fund is screening for stocks that are expensive stocks, have deteriorating or negative earnings momentum, stressed credit, and excessive leverage. Its hedging overlay strategy includes employing sector and market options, exchange traded funds and futures.

The Argentum Fund charge a 2% management fee and a 20% incentive fee with a US$100,000, €100,000 or £100,000 minimum investment requirement

Thames River currently manages some US$12.7 billion in total assets.


In Depth

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.