Thames River Capital, which was recently acquired by F&C Asset Management, is to soft launch a Ucits III absolute return fund investing in European equities.
Randeep Grewal, who was recruited by F&C in October last year, is the lead manager on the Thames River European absolute return fund.
David Moss, a senior portfolio manager, and the nine-strong European equities team will support him.
Grewal and Moss will take both long and short positions, taking a net long bias.
The Dublin-domiciled Oeic is being launched with the backing of a cornerstone investor. Thames River aims to develop a track record ahead of potential sales and marketing activity later this year.