Thames River Capital will launch two offshore multi-manager vehicles on 3 June 2008, run by its multi-manager team led by Rob Burdett and Gary Potter.  The Dublin-based funds – sub-funds of Thames River Traditional Multi Funds – will be registered for distribution in markets across Europe, the Middle East and other offshore jurisdictions as appropriate and will include dollar, euro, and Norwegian krone share classes.

The funds are approved by the Irish Financial Services Regulatory Authority and will be UCITS III compliant.

The Multi-Select Fund will aim to achieve long-term growth through a portfolio of 15 to 25 funds from within Thames River and Nevsky Capital’s range of investment vehicles as well as those managed by third party investment houses.  Portfolio holdings will be invested in equities and bonds and will also have exposure to alternatives to include funds of hedge funds and, opportunistically, to private equity, commodities and property. The neutral asset allocation will be one third alternatives, one third equities and one third fixed income.  Ranges of 15 per cent either side of the neutral position will be managed by the multi-manager team.

The Global Boutiques Fund (Offshore) will aim to mirror the flagship onshore Global Boutiques Fund, subject to the differing regulatory constraints.  Its objective is to achieve long-term capital growth through exposure to a portfolio of regional and global funds managed by boutique managers. It will have between 15 and 25 holdings.

Michael Warren, Thames River Capital investment director said: “The launch of our onshore multi-manager funds last year has excited considerable appetite from offshore markets for funds which capture the talent of our multi-manager team. Already, our sales team on the ground across Europe, Asia and in Dubai has confirmed strong demand for the flagship Global Boutiques Fund and it was therefore logical to include a mirror fund in our offshore range. 

“To complement this, we are launching one further fund which we believe will be very attractive to the offshore marketplace.  The Multi-Select Fund will meet demand for a blend of ‘the best of Thames River and Nevsky Capital, and the best of the rest’, with the freedom to exploit alternative as well as traditional asset classes."