Thames River founder hires three managers for new boutique

Jonathan Hughes-Morgan, the co-founder of Thames River Capital, has recruited Mark Williams, Phil Cliff and Jon Greenhill as fund managers for a new boutique.

Occam Asset Management will launch Asia, Europe and Japan hedge funds at the end of November, subject to regulatory approval.

Williams, Cliff and Greenhill, will head Occam’s Asian, European and Japanese teams respectively. Williams joins from F&C, where he ran the £340m Pacific Growth Oeic, until his departure last month.

Cliff, who ran Threadneedle’s European Select and Pan European Accelerando funds, also resigned in August.

Greenhill, meanwhile, joins from Lazard Asset Management. Prior to that, he was head of the Japanese equity team at Royal and Sun Alliance.

Hughes-Morgan says he aims to have the three men in place by the end of the month, following gardening leave. Hughes-Morgan, who left Thames River Capital last year, is the majority shareholder at Occam.

However, David Sheppard, who he met during his time at Jardine Fleming, will head the business in the role of chief executive. All employees will have a stake in the business, adds Hughes-Morgan.

Occam’s initial focus will be on the three hedge funds, which will each be seeded with $50m (£25m).

Hughes-Morgan says there may be scope for long-only Ucits III funds in 2008.