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Thames River to cap fund at 250m

Thames River Capital will close its 230m property income and growth fund to new investors when it reaches 250m.

Managing director Charlie Porter says the fund has a 500m capacity and was always intended to be closed when it reached half of this.

He says: “We are not an institutional juggernaut. Running a property fund at 250m is far more efficient than running one into the billions.”

Meanwhile, Sarasin Chiswell is launching a fund investing in Reits and property shares.

The real estate equity fund, which launches on February 5, will use Ucits III powers to short stocks through contracts for difference and aims to deliver RPI plus 3.5 per cent a year over a rolling three-year period.

Sarasin is also launching a UK equity income fund to be managed by Graham Ashby. It will hold 25 equally weighted stocks and aims to yield 4 per cent.

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