Thames River Multi Hedge PCC has received applications for GBP70.3m through the placing and offer for subscription of C shares in its cell, Thames River Hedge+.

Thames River Multi Hedge PCC has received applications for GBP70.3m through the placing and offer for subscription of C shares in its cell, Thames River Hedge+. As a result, the Company is expected to have aggregate net assets of approximately GBP155m. Dealing in C shares commenced on Friday, 20 July 2007.

"We were confident that the excellent track record of Thames River Hedge+ and the experience of its management team would excite interest in the C share issue,' says William Backhouse, Chairman of the Board of Thames River Multi Hedge PCC. 'We are naturally very pleased that this interest has led to applications in excess of GBP70m in what is an extremely competitive market.

'The broader investor base and consequent increased liquidity, coupled with greater cost-efficiency rising from the larger size of the Company upon conversion of the C shares will be of benefit to all shareholders.'

Managed by Ken Kinsey-Quick and Alex Kuiper, Thames River Hedge+ was launched in February 2004 with the aim of achieving absolute returns in excess of 10% per annum through investment in a portfolio of directional and non-directional hedge funds. The team has delivered robust performance, positioning the Fund at the top of its peer group over the three years to 30 April 2007. It is a closed-ended Guernsey domiciled protected cell company listed on CISX and LSE.