Russell (Frank Russell) has selected London-based Thames River Capital to manage three assignments within its manager-of-managers funds.
The assignments were completed as part of Russell's multi-manager investment process, which seeks to emphasise investment skill while providing broad diversification in over 160 funds.
Specifically, Thames River Capital has been hired for assignments in the FRIC Continental European Equity fund (total AUM approx. US$1,200 million), FRIC II Pan European Equity fund (total AUM approx. US$130 million) and the MSMM Pan European Equity fund (total AUM approx. US$700 million).
Thames River joins four other managers in the Continental European Equity fund and five other managers in the two Pan European Equity funds, all three of which are available to European investors.
Kathy Nevin, Portfolio Manager at Russell, said: ''The addition of Thames River Capital will bring new sources of excess return to the funds. The funds' ability to add value is significantly strengthened by the addition of this excellent investment team, headed by Tony Zucker, whom we rate very highly within the European Equity investment industry.''
Thames River Capital is a relatively new name in the investment management industry, as the firm was founded in 1998. The company brings together a group of well-regarded investment professionals from top European firms.
Russell evaluates more than 2,900 firms and over 7,500 outside investment products globally as part of a comprehensive and continuous research process. This process includes intensive quantitative and qualitative research, involving face to face meetings and state of the art analytical tools. Russell's multi-manager funds are designed to deliver consistent, above average performance over the long term, coupled with low risk and volatility.
Background Note: Russell, a global leader in multi-manager investing, provides investment products and services in more than 35 countries. Russell manages over US$67 billion in assets, of which approximately US$16 billion is managed from Europe, and advises clients representing more than US$1,600 billion worldwide. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Washington, with additional offices in New York, Toronto, London, Paris, Amsterdam, Geneva, Madrid, Singapore, Sydney, Auckland, Tokyo and Johannesburg.
Thames River Capital is a fully integrated investment management company founded in 1998 by a group of senior industry professionals. The company manages US$2.4bn across a variety of long only and long/short strategies, including Europe, Japan, Emerging Markets and Fixed Interest, with 52 staff of which 23 are investment professionals.