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Thames River to run Quantum absolute income fund

Quantum Asset Management has transferred the management of its UK absolute income fund to Thames River Capital.

The portfolio manager Joel Amsellem moves to Thames River with the fund to ensure maximum continuity as of June 2.

In a note to advisers Quantum says it was in the best interests of the investors and all parties involved with the fund that it should be part of a bigger investment manager with stronger distribution and a better developed operations and infrastructure platform.

Launched in 2005, the fund is an estimated £6m in size and uses a covered call strategy.

Thames River currently has eight individual teams which all operate independently managing their specialist areas and products and this will be an addition to the current offering.

The move follows Quantum’s announcement unveiled by Money Marketing in April that it was temporarily pulling out of the market after struggling to structure its core structured investments in the economic climate.

Its range of structured investments will continue to be administered by Keydata with capital protection provided largely by Barclays and JP Morgan.


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