F&C to launch Thames River European AR fund

The Thames River European Absolute Return fund will be structured as a Ucits III OEIC, domiciled in Dublin, targeting a return of 10% net of fees over a three- to five-year cycle. It comes to market on 1 March, seeded with £15m-£20m by a "cornerstone investor". Reporting to head of F&C's European equities Paras Anand, Grewal will use the long-only team's research capabilities to generate stock ideas. The manager will invest according to 10 themes, with between three and five stocks in each. Possible themes include agriculture, such as dairy farmers and crop producers, and logist...