Thames River closes offshore Global Boutiques fund

Thames River has closed the offshore version of its $3.5m Global Boutiques fund, domiciled in Dublin.

The group has decided to close the fund, run by Rob Burdett and Gary Potter, as it has been unable to build a substantial asset base three years on from launching the vehicle. "The directors of the company have concluded it is in the best interests of the fund and its shareholders that the fund be closed," the group said. "This decision has been made because the fund has remained small in size and consequently its expenses have a greater effect on returns to shareholders than is desirable. "After three years of operation and no evidence of any substantial new subscriptions on the h...