Launches & Closures

Ex-TCI man’s AlphaTran equity fund shuts down after three years as seeder Thames River pulls its backing


Damien Tran

AlphaTran Capital, former TCI man Damien Tran’s London-based long/short equity firm, is shutting up shop and returning assets to investors.

The move is the direct result of seed investor Thames River Capital’s decision to redeem its investment from the global long/short AlphaTran Fund, the firm’s sole offering.

The fund holds around $50 million, with Thames River’s investment accounting for roughly 90% of the total. Thames River gave notice of its intention to redeem last year.

Having been unable to raise substantial assets from elsewhere, Tran has decided to call it a day and