London-based managers Thames River Capital are to close one of their hedge funds, Kingsway Plus, after a succession of investor redemptions.
London-based managers Thames River Capital are to close one of their hedge funds, Kingsway Plus, after a succession of investor redemptions.
The firm’s directors resolved that closure of the fund was in the best interests of the remaining investors. Compulsory redemption of all classes of shares will take effect on 30 January. All securities in the portfolio have been liquidated with immediate effect, and a calculation of the fund’s net asset value will take place on Friday.
Investors can expect to be paid within five days, or choose to switch their money into another of the firm’s 21 offerings.
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