Thames River fund to invest in debt

Thames River is launching a high income fund that will invest in emerging market debt. The Thames River High Income fund is managed by Mike Mabbutt who joined Thames River from LGT where he was the head of the emerging markets debt desk which managed $1bn. The fund is denominated in euros and systematically hedges its non-base currency exposure, which is mainly dollars, back into euros. Mabbutt said: "We find that currencies are notoriously difficult to forecast on a consistent basis, and most European investors feel that there is enough risk in investing in emerging debt without addin...