Thames River Capital is seeking to unveil a global high yield opportunities absolute return portfolio, Financial Times reports. The Thames River High Yield Bond fund will be unconstrained by benchmark restrictions and will have a global mandate to find high yield without exposure to single issuers, industries, countries and markets. The subsidiary of F&C Asset Management will launch the Ucits III bond fund in May 2011. It will be managed by the global credit team, led by Stephen Drew and Mehrdad Noorani. The portfolio will be focused on high yield bonds and investment grade.
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