F&C Asset Management saw net flows into its products turn positive in the first six months of the year, but faced a £10m payout for a lost legal dispute with the founders of its fund of hedge funds arm.
Thames River has closed the offshore version of its $3.5m Global Boutiques fund, domiciled in Dublin.
The Cautious Managed sector remains at the top of the leaderboard on the Cofunds platform, taking 32% of net sales in June.
F&C Thames River's Kristof Bulkai is set to implement a number of short positions in China when his GEM Absolute Return fund launches on 22 June.