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Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More whatsapp Thursday 9 September 2010 8:36 pm Tags: NULL Share whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo THAMES RIVER CAPITAL, the fund firm recently bought by rival F&C, has shared £25.9m between the partners of its main subsidiary, despite a fall in profits and big outflows from its hedge funds.The payout to the 25 members of Thames River Capital, including chief executive Charlie Porter, chief operating officer Jeremy Charles and commercial director Loudon Greenlees, came despite a near-halving of profits for the year to March, accounts filed this week show.The boutique firm shared out £41.1m between 19 members the previous year.Like many managers of hedge funds, Thames River has seen clients exit as it deals with the aftermath of a difficult credit crisis for the $1.6 trillion (£1 trillion) industry.During the year to March its $600m Hillside Apex credit fund was closed, while its Warrior funds of hedge funds paid back around $300m to clients from side pockets – separate portfolios holding hard-to-sell assets bought before the credit crisis.However, Thames River did see inflows into its credit, global bonds, multi-manager and real estate funds, investment boss Michael Warren said. F&C completed its purchase of Thames River this month, having been attracted by the group’s higher margin retail and hedge funds and the chance to rebuild asset levels as outflows from its own portfolios continue. The fall in Thames River’s operating profit over the year — to £20.5m from £36.1m — may have been due to the outflows from its hedge funds, which tend to earn higher margins than mutual funds. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Thames River bosses share £26m payout Show Comments ▼ read more
KCS-content Tags: NULL OIL explorer Regal Petroleum said its wells in Ukraine had performed poorly and it would carry out a strategic review, adding that its chief executive David Greer was stepping down.The company said yesterday it had agreed to sell its licence in Romania to Chevron for $25m (£15.9m), as part of a move to refocus its activities solely on Ukraine announced earlier in September.“Following the poorer than anticipated production achieved from well MEX-120 and the work-over programme in Ukraine, the company is undertaking a strategic review of reservoir performance,” Regal said.Chief executive David Greer had resigned, Regal said, and chairman Keith Henry would take over his responsibilities in the meantime.Only last month Regal parted company with its financial adviser Mirabaud Securities after it emerged it was spearheading an attempt to oust Greer on behalf of its former founder. The company has proved plus probable oil reserves of around 152m barrels of oil, according to an independent report. Regal Petroleum chief executive steps down after Ukrainian disappointment Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Show Comments ▼ whatsapp Thursday 30 September 2010 10:04 pm read more