F&C to close Thames River World Government Bond fund

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.”