Monday, 29 December 2014
Last updated 19 min ago
Jan 3 2007 | 11:24am ET
London-based Thames River Capital has reportedly restructured its emerging markets business to ward off increased competition for initial public offerings from, ironically, other teams within firm.
The firm’s emerging markets team will become a separate legal entity, dubbed Nevsky Capital, and will drop the Thames River brand from both its global emerging market and eastern Europe funds, which will be renamed Traditional Fund-Global Emerging Markets and Traditional Fund-Eastern European.
In an interview, the group’s sales director, Edward Morse, said the emerging markets team was losing out on its allocation of IPOs, particularly in eastern Europe, to other Thames River businesses, such as the global credit, European and property teams.
Nevsky Capital will continue to report to Thames River CEO Charlie Porter.
Thames River was formed in 1998 and currently manages more than US$9 billion in assets.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.