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Thames River launches long/short property fund

Thames River Capital has announced the launch of a long/short property fund focused on pan European real estate securities.

Launching on November 30, the Thames River longstone fund will target a net return of 12 to 15 per cent per annum.

Managed by Marcus Phayre-Mudge and Christian Roos, Thames River says the fund will aim to capitalise on structural inefficiencies in the listed real estate sector through a long/short strategy with an over-riding bias towards real estate fundamentals.

Phayre-Mudge says: “The yield compression of the last three years, across all real estate segments and regions, is unwinding and the recent credit tightening is hastening that process. This creates opportunities within the listed real estate securities universe for a long short strategy that can capture the pricing anomalies that have appeared in the sector but so far have been shielded by a general yield compression.”

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