Thames River Capital, a UK alternative asset manager, will launch Thames River Property Growth & Income Fund on March 23. With an emphasi...

Thames River Capital, a UK alternative asset manager, will launch Thames River Property Growth & Income Fund on March 23. With an emphasis on yield, the opened ended fund is Guernsey domiciled and denominated in euros and sterling. It has a minimum investment of £5,000, a 1.5 per cent annual management fee and a 15 per cent performance fee. Thames aims to raise an initial £200 million and through 50 per cent gearing will invest in both European real estate and international equities. The managers are known to favour out-of-town small office blocks along the Thames corridor which they see as offering much better value than residential in the current environment in the UK property market.