Tuesday, 28 July 2015
Last updated 17 hours ago
Aug 22 2008 | 9:09am ET
London hedge fund manager Thames River Capital boosted profits by almost half in the year ended last March, according to firm filings.
In the 12 months through March 2007, Thames River posted £113.7 million (US$212.3 million) in profit, up 44% from the 15-month period ending March 2006, when it earned £79.5 million (US$148.5 million), according to accounts filed at London’s Companies House. The hedge fund saw a nearly identical increase—43.5%—in fees, which rose from £90.4 million (US$168.8 million) to £129.7 million (US$242.2 million).
The rise in fees was powered by strong performance from some of firm’s longest-established funds, including the US$1.2 billion Hillside Apex Fund, which returned about 12%, and the Nevsky Fund—now part of affiliate Nevsky Capital—which rose 30%.
And if last year’s performance figures are anything to go on, the year ended March 2008 should be a pretty good one, too. Hillside Apex returned 10.3% last year and is down just 0.7% this year. Nevsky returned 29.8% last year, but is down 2.8% this year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…