Thames River to close Currency Alpha fund as manager leaves

Thames River plans to close down its Currency Alpha fund following the departure of manager Bill Muysken.

Muysken is leaving Thames River at the end of this week to join Mercer Investment Management in May. He will take on the role of global chief investment officer for alternative alpha strategies. Thames River's Currency Alpha fund of funds sits within the group's multi-alternatives division. The portfolio was launched at the end of October. It aims to invest in between 15 and 25 managers and return 10% over cash rates per year after fees. By the end of March it was invested in 20 managers and had made 2.5% over the quarter, but only managed 1.6% since launching. Michael Warren...