Friday, 1 July 2016
Last updated 29 min ago
Nov 23 2009 | 6:13am ET
Thames River Capital is preparing a fund of absolute return funds for launch next month.
The Thames River Absolute Return Fund will invest in about 20 hedge fund managers—selected from a universe of 150 equity long/short, convertible arbitrage, credit, event-driven and emerging markets funds.
The new vehicle is targeting returns of between 5% and 10% annually. Up to 30% of the fund’s assets can be invested in non-UCITS III-compliant hedge funds.
Ken Kinsey-Quick, head of multi-manager alternatives at Thames River, will manage the new fund.