Thames River to close Kinsey-Quick's Absolute Return fund

Thames River is to close its Absolute Return fund, managed by Ken Kinsey-Quick and James Rous, because of a lack of interest.

Thames River said the multi-manager offering has not grown in size since launch three years ago and there is no evidence of substantial future subscriptions. Having been run internally for a year, the fund was officially launched to investors in January 2010. Shares will be redeemed on 18 November and the fund will be closed in due course. The portfolio will be liquidated as soon as possible and held in cash during the formal notice period. The fund's sterling share class has lost 6.2% since launch and 4.5% over the past year. Kinsey-Quick and Rous said this month a volatile Septem...