Thames River makes splash with two launches

Thames River will launch two funds of hedge funds focusing on the Asia-Pacific region and Africa. Both will be launched in the first quarter of 2009, subject to regulatory approval.

Ken Kinsey-Quick, the head of multi-manager at Thames River, will manage the two funds, whose minimum investment will be $10,000 (£5,600).

Simone Lowe was recruited as an analyst to help manage the Africa fund of hedge funds. She will work closely with Kinsey-Quick in London before returning in three months’ time to Cape Town, where she will be based.

Lowe will research opportunities in sub-Saharan Africa. However, the fund may also invest in North Africa and possibly the Middle East, according to Mike Warren, investment director at Thames River.

The Asia-Pacific fund of hedge funds will invest in Asia and Japan. The in-house team will cover all research.

Kinsey-Quick already manages the Warrior funds of hedge funds in addition to the Equity Stress and Equity Focus funds of hedge funds.

The Warrior fund, the largest in the Thames River funds of hedge funds range, closed to new investment last month, after reaching $1.1 billion assets under management. The Warrior II fund still has $200m capacity left.

Warren says a third Warrior fund will only be launched if Kinsey-Quick can find opportunity for there to be one. “At the moment he is finding opportunities in credit markets, credit managers and uncorrelated space such as carbon trading, oil and insurance – strategies with little correlation to equity and bond markets,” says Warren.