Thames River is set to close its world government bond fund by March 31 after its one client decided it no longer wanted to invest in this area following a review of its asset allocation.
The £82.4m Thames River world government bond Fund was launched on November 12 2008 and is an Irish open-ended investment company listed on the Irish Stock Exchange. It is managed by fund manager Paul Thursby and investment officer of the global bond team Peter Geikie-Cobb.
The fund is down 0.18 per cent on a one year basis to Janaury 31, compared to its benchmark the Citigroup world government bond index which is down 0.16 per cent over the same period.
An F&C spokewoman says: “This fund was originally set up for one client and that client has now made an asset allocation call away from the fund.”