CityWire.co.uk- Thames River’s head of fund of hedge funds, Ken Kinsey-Quick, is set to soft-close the group’s Warrior and Warrior II funds.
Both funds are approaching the $750 million (£365 million) mark and Thames River has decided to cap them to protect performance.
Kinsey-Quick inherited the equity alternative hedge fund Warrior when he joined in 2003. He transformed the then $17 million fund into a more ‘opportunistic’ vehicle, investing in between 20 and 30 hedge funds from across the investment spectrum.
Warrior grew to around $650 million before being soft-closed last year and was reopened in August to take in a further $100 million.
Kinsey-Quick said: ‘We are not trying to be the next $30 billion fund of hedge funds. We want to keep both Warriors and Hedge Plus small and nimble and keep trying to gain double-digit returns.’
