Launches & Closures

Thames River to launch absolute return high yield bonds fund


Thames River Capital, which is now owned by the F&C group, is launching a new UCITS absolute return fund in May focused on global high yield bonds.

The Dublin-domiciled OEIC Thames River Global High Yield Bond Fund will be managed by the firm’s global credit team, headed by Stephen Drew and Mehrdad Noorani.

Stephen Drew from Thames River Capital

The fund will be unconstrained by any benchmark restrictions and will have a global mandate to seek out the best high yield opportunities while avoiding excessive exposure to single issuers, industries, countries and markets.

The fund will be