Witan brings in Thames

By James Thorneley Witan has brought in Thames River Capital to manage 1% of its assets in a portfolio of US hedge funds. Around six weeks ago the £2.1bn trust decided to invest in absolute return funds and appointed Thames River Capital to manage this part of the portfolio with a mandate to provide consistent absolute returns while limiting risk. Witan remains confident in the outlook for equity markets but believes that a better risk-adjusted return will be achieved for investors by devoting a small proportion of its assets to hedge funds. James Robinson, manager of Witan, expects the...