Thames River Capital is looking to build an Asia-Pacific team with a view to launching an Asia-Pacif...
Thames River Capital is looking to build an Asia-Pacific team with a view to launching an Asia-Pacific long-short hedge fund, by the end of the year, writes James Phillipps.
Jonathan Hughes-Morgan, director of Thames River, said: 'Japan is a natural long-short market. You need a market that has direction to be able to exploit the opportunities.'
The proposed Asia-Pacific vehicle would invest in Asia including Japan to take advantage of the market's liquidity, according to Hughes-Morgan. He added Asian hedge funds excluding Japan struggled to implement hedges last year due to liquidity problems.
Liquidity constraints will limit the size of the fund however, and Hughes-Morgan said he expects the fund to be in the $200-$300m range.
Thames River is also set to close both the Kingsway and Nevsky long-short hedge funds to new investors within the next quarter.
The Kingsway fund, which is invested in Europe and managed by Tony Zucker, is expected to close within the next few months as it is reaching its ceiling. Hughes Morgan said: 'We want to keep it below E700m. It is currently at E500m and we have got a further E100m in commitments this month.'
The Nevsky fund, invested in Eastern Europe and managed by Martin Taylor is also likely to close within three months.Investment Week 11 June 2001
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