Thames River Restructures EM Business

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.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note