fund to mirror element of kingsway offering
Thames River Capital will expand its European portfolio with the launch of a long/short European mid-cap equity fund to international investors later this month.
The fund, managed by Chris Wright, will be based on the long/short mid-cap mandate within Thames River's existing European portfolio, which includes the large-cap oriented Kingsway fund.
Ed Morse, director of sales at Thames River Capital, said: "A long/short mid-cap European portfolio has been running as a sub-portfolio within the Kingsway fund since March 2004.
"When Wright joined in October 2004, it was always planned he would run a separate fund once we felt comfortable with the sub-portfolio, because he has such a strong background in European mid-cap stocks.
"The fund has now been in its incubation period for more than a year and has the track record necessary for launch."
Wright has more than 20 years' experience in the investment industry and joined Thames River from Collins Stewart, where he specialised in pan-European mid-cap stocks.
The fund offers a euro and dollar share class with a minimum investment of $100,000. The sterling share class has a minimum investment of £70,000.
The fund, which is domiciled in the Cayman Islands, is listed on the Irish stock exchange.
The annual management charge is 2%, with an additional 20% performance fee if it outperforms its high water mark. A negotiable commission of up to 5% is also payable.
Thames River Capital to launch a long/short European mid-cap equity fund
Chris Wright to run fund
Vehicle based on the existing mid-cap mandate in the Kingsway portfolio
‘Most significant’ upgrade since launch
Changes happening over coming months
Had accepted British Steel business
Aimed at HNW clients and family groups
Set for 1 April 2019