Saturday, 26 July 2014
Last updated 1 day ago
Jan 27 2009 | 12:31pm ET
Thames River Capital is closing a year-and-a-half old hedge fund that has been battered by investor redemptions.
The London-based hedge fund shop will repurchase all shares of its £2.7 million Kingsway Plus fund on Jan. 30, it said in an announcement to the London Stock Exchange. Investors have the option of reinvesting their assets in another Thames River fund; those not reupping will get their money back within five business days of redemption.
The firm decided to close the fund, which debuted in June 2007, “in order to minimize the fund’s exposure to the current volatile conditions in equity markets,” it said.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…