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Thames River delays funds

Thames River has postponed the launch of its multi-manager offshore range.

It had aimed at launching in the fourth quarter but has decided to wait until early next year to allow new arrivals Gary Potter and Robert Burdett more time to bed down and focus on their five onshore funds.

Potter and Burdett joined from Credit Suisse in August and their initial offering, including balanced, cautious and global boutiques funds, was introduced on October 1.

Thames River has traditionally sold funds into the offshore market since its launch in 1998. It is also keen to bring out an ethical multi-manager fund.

Investment director Michael Warren says the firm had been slightly overzealous over the timeframe but the most important thing is to make sure the offering is right for the market.

He says: “We now have two of the best multi-managers in the industry and the important thing for them is to get their feet under the table and focus on the initial offering. Other areas will come, such as the Dublin range early next year.”

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