Thames River to close Kinsey-Quick's Absolute Return fund

clock

Thames River is to close its Absolute Return fund, managed by Ken Kinsey-Quick and James Rous, because of a lack of interest.

Thames River said the multi-manager offering has not grown in size since launch three years ago and there is no evidence of substantial future subscriptions. Having been run internally for a year, the fund was officially launched to investors in January 2010. Shares will be redeemed on 18 November and the fund will be closed in due course. The portfolio will be liquidated as soon as possible and held in cash during the formal notice period. The fund's sterling share class has lost 6.2% since launch and 4.5% over the past year. Kinsey-Quick and Rous said this month a volatile Septem...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Absolute Return

Aviva Investors backs absolute return despite end of GARS and Invesco Global Targeted Returns

Aviva Investors backs absolute return despite end of GARS and Invesco Global Targeted Returns

'Increased client interest'

Valeria Martinez
clock 28 September 2023 • 3 min read
FundCalibre Elite Radar: Artemis Target Return Bond

FundCalibre Elite Radar: Artemis Target Return Bond

‘Target return’

Darius McDermott
clock 21 October 2022 • 4 min read
Deep Dive: Absolute return is not absolutely dead

Deep Dive: Absolute return is not absolutely dead

Four years of consistent sector outflows

Eve Maddock-Jones
clock 02 September 2022 • 5 min read
Trustpilot