Thames River To Liquidate Kingsway Plus Fund

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.


In Depth

Delayed Flash Crash Arrest Highlights Difficulties Detecting Fraud

Apr 23 2015 | 7:19am ET

The five years it took regulators to bring high-profile charges against a UK trader...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note