Thames River's Drew marks first year with top returns

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.

The firm’s nine-strong credit team also runs the Credit Select and High Income funds. The €216m Global Credit portfolio launched in October 2009, and focuses on sovereign and corporate credit with an average credit quality of BBB. It aims to provide a high level of income compared to bonds issued in eurozone countries. Global Credit is up about 9.6% since launch, beating your target return of 8% per annum. Is this sustainable? Next year, performance will be a couple of percentage points lower than this year, on a similar level of volatility. If we can protect high single-digit retu...