Thames River aims to widen funds appeal

Thames River Capital is to introduce sterling and dollar share classes on its long only Dublin-based High Income fund, subject to Irish Central Bank approval. The new share classes will enable the specialist group to widen the appeal of the E43m fund, and should lead to increased sales to UK investors in particular, said Michael Mabbutt, head of emerging market debt at Thames River. Launched in June last year, the FSA recognised fund invests in dollar denominated bonds issued by emerging market countries. The bonds are then hedged into euros in the financial exchange markets in order to...