Thames River Capital multi-manager duo Gary Potter and Rob Burdett will launch two offshore multi-manager vehicles on 3 June.
The Dublin-based UCITS III offerings, the Multi-Select and Global Boutiques funds, have been approved by the Irish Financial Services Regulatory Authority. They include US dollar, euro, and Norwegian krone share classes.
Thames River says the Global Boutiques fund will mirror its existing onshore vehicle but subject to the different regulatory constraints. The fund will hold 15 to 25 offerings from regional and global boutique managers.
The Multi-Select fund will hold a 15 to 25 fund portfolio from within the Thames River and Nevsky Capital range, as well as those managed by third party houses.
Burdett and Potter will complement traditional equity and bond funds with exposure to alternatives, such as funds of hedge funds, private equity, commodities and property.
The asset allocation will be one third alternatives, one third equities and one third fixed income, with 15% freedom given to the multi-manager team.
“Our sales team on the ground across Europe, Asia and in Dubai has confirmed strong demand for the flagship Global Boutiques fund and it was therefore logical to include a mirror fund in our offshore range,” Thames River Capital investment director Michael Warren says.
“The Multi-Select fund will meet demand for a blend of ‘the best of Thames River and Nevsky Capital, and the best of the rest’, with the freedom to exploit alternative as well as traditional asset classes.”IFAonline
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