Thames River to cap fund

Thames River Capital is to close its Eastern European long/short fund to new entrants once it raises $100m, which it is on target to do before the end of October, writes David Griffiths. Jonathan Hughes-Morgan, director at the group, said: 'We've decided to close the fund before it hits the constraints we've set it. This allows us to incorporate a significant amount of capital growth before we have to start returning money to investors. We believe there's a strong correlation between the size of funds and performance, which is why we've put a constraint on it.' Hughes-Morgan also indic...