Thames River

Thames River's multi-managers have been cutting exposure to ‘bubbly' Asia in favour of Europe as they tidy up the portfolios inherited from F&C.

PROPERTY

ON ASSET ALLOCATION

Property financier Sir John Beckwith is backing the launch of a new hedge fund, in partnership with Icap boss Michael Spencer.

Paul Carne has altered the European equity holdings in his £314m multi-manager Lifestyle range, cutting three managers including Cazenove's Chris Rice.

JO Hambro Capital Management has hired a pair of former Thames River European fund managers to launch a dynamic fund next month.

ON ASSET ALLOCATION

Thames River's Global Credit fund has reached its first anniversary under manager Stephen Drew, who joined the firm in June from Tudor Capital to take on the role of head of credit.

Shareholders in F&C's multi-manager funds have voted to merge with the Thames River Multi-Capital range run by Rob Burdett and Gary Potter.

THE BIG QUESTION