New Thames River bond funds raise $200m

Thames River Capital has raised more than $200m for its Credit Select and Global Credit funds, both launched one month ago.

Managed by Stephen Drew and Mehrdad Noorani, Credit Select will focus on developed market corporate bonds with an average A credit rating, while Global Credit will invest in both developed market corporate securities and investment grade emerging corporates with an average BBB rating. Drew says the dislocation in credit markets in the wake of the financial crisis has created the right environment to launch the new funds. "Substantial global credit issuance over the next few years will also provide some interesting opportunities as emerging and developed market corporates use bond mark...