London-based Thames River Capital and its affiliate Nevsky Capital announced yesterday that they have seen year to date gross inflows of nearly $4 billion (£2.4 billion) across their long only, hedge and multi-manager funds. The inflows bring the firms' total asset under management to $11.3 billion (£6.9 billion) as of 7/31/09.
According to the Thames River, Nevsky’s funds, including the Global equity long/short and the Emerging Market long only products, were among the largest beneficiaries of the new money. Thames River Capital’s Fixed Income products, Multi-Manager products and the newly launched Water & Agriculture Fund also attracted strong inflows.
Earlier this month, Thames River announced plans to launch two new credit-focused hedge funds later this year. These new funds will be long-only with a European focus. The funds will differ in the quality of the credit ratings they invest in.
Thames River Capital has also been adding to its investment teams this summer. In July, it announced that it had added five new senior managers to its Global Credit and European Equity teams. The new managers include Stephen Drew (a five-year veteran of Tudor Capital’s Relative Value Credit Fund) and James van den Bergh (a former portfolio manager for SAC Global Investors). Mr. Drew is co-managing both the Hillside Apex and High Income Funds along with Bernt Tallaksen and Mehrdad Noorani, while Mr. van den Bergh is a portfolio manager on the European equities team.
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