Thames River launches global high yield AR bond fund

Thames River Capital has launched an Absolute Return Global High Yield bond fund for Stephen Drew and Mehrdad Noorani.

The Thames River Global High Yield Bond fund aims to return 10% per annum through a portfolio of 50 holdings. The managers say the unconstrained fund is likely to invest 70% in developed markets and 30% in emerging markets, with around 80% of the portfolio directed towards high yield bonds and 20% in investment grade bonds. The fund is being launched now to capitalise on the opportunity in high yield which the managers say is supported by the global economic recovery. Drew says: "Against a backdrop of a rebounding economies and record low interest rates, the high yield market is ...