Thames River is set to close its World Government Bond fund by March 31 after its one client decided it no longer wanted to invest in this area following a review of its asset allocation.
The £82.4m Thames River World Government Bond fund was launched on November 12, 2008, and is an Irish open-ended investment company listed on the Irish Stock Exchange. It is managed by fund manager Paul Thursby and Peter Geikie-Cobb, the investment officer of the global bond team.
The fund is down 0.18% on a one-year basis to Janaury 31, compared to its benchmarket the Citigroup world government bond index, which is down 0.16% over the same period. (article continues below)
An F&C spokewoman says: “This fund was originally set up for one client and that client has now made an asset allocation call away from the fund.”