|Investment manager Thames River Capital recently announced the launch of the firm’s new UCITS III fund of funds. According to the press release, the Thames River Absolute Return Fund will be based in Ireland and will “invest on a global basis, across multiple asset classes with a bias towards more liquid asset classes and the developed world.” Alternative investment specialist Ken Kinsey-Quick and Assistant Fund Manager James Rous will manage the new fund and plan to invest in “a diversified portfolio of 20-40 absolute return funds with allocations of between 1- 5% of NAV,” including “equity long-short, global macro, convertibles, credit, event driven and emerging markets long-short.” With this new absolute return fund of funds, Thames River Capital aims to provide investors with a diversified, low-risk and low-volatility investment option.|
New UCITS III funds were popular in 2009, and these regulated, EU-based investment funds offer investors a new class of investments. Mr. Kinsey-Quick commented, “Although the track records of many of these UCITS funds are short, the managers themselves are well known to us and have extensive experience managing offshore vehicles.”
Thames River Capital was founded in 1998 by CEO Charlie Porter. Before founding the firm, Mr. Porter ran the mutual fund business at Barings Asset Management. Thames River Capital is headquartered in London.