Thames River Capital has appointed five people to expand both its global credit and European equities capabilities.
The global credit team has been strengthened with the appointment of two senior fund managers, Stephen Drew and Simon Ulcickas (pictured).
With over 18 years' experience in credit markets, Drew joins from Tudor Capital where he worked from 2003-2008 producing strong returns through a relative value credit portfolio. Prior to this he was head of European credit trading at JP Morgan Chase. Drew will be co-manager on both the Hillside Apex and High Income Funds along with Bernt Tallaksen and Mehrdad Noorani.
After eight years with JP Morgan, most recently as executive director, Ulcickas joins Thames River as fund manager. At JP Morgan he focused on event-driven equities, equity linked investments and special situations across several regions including North America, EMEA and Asia Pacific. Prior to this he worked at KBC Financial Products as a risk arbitrage analyst.
James van den Bergh has been appointed to co-manage the Kingsway Fund. A CFA charterholder, he managed European long/short funds at SAC Global Investors from 2003 to 2008. He is joined by former SAC colleague Omer Tore, who will work as an investment analyst. Additionally, Jeff Thomson, who joined the Thames River European equities team in 2003 and has successfully managed the Argentum Fund since 2007, will become a co-manager of the Kingsway Fund.
Also joining the European team is Carlos Moreno who has been appointed manager of the Thames River European Fund with Tony Zucker. Moreno worked at Fidelity Investments for 15 years, assisting in the management of the Fidelity European Growth Fund.
Charlie Porter, Thames River Capital chief executive, says: 'These senior hires demonstrate our commitment to retain and reinforce our position as a leading credit manager as well as enhancing our European equity team. As a well-established, large boutique the diversity of our business and product range has been a real benefit, to which our continued success throughout 2008 bears testament. We ended the year with net inflows and year to date assets under management have grown by over 30 per cent with new flows of GBP1.4bn. This has been driven by a business model which allows fund managers to focus entirely on investment: a freedom which in turn has proved extremely successful in attracting some of the industry's brightest talent.'