Tuesday, 28 February 2017
Last updated 6 hours 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.