Thames River confirms launch of GEM absolute return fund

Thames River has confirmed it is to launch a global emerging markets absolute return fund for Kristof Bulkai and Hugo Rogers on 1 June.

The UCITS III fund will have daily liquidity, and will use the full range of  investment powers to take long and short positions. The fund will target annual returns in the high teens net of fees, aiming to protect capital in tough market conditions. It will be run using a top-down macro approach with the managers adopting a value-driven approach to long and short stock selection. Lead manager Kristof Bulkai said: "In the past decade the rising tide in emerging markets has lifted all boats. But there is an increasing divergence in performance between sectors, which makes an absolute...