Hedge fund offer responds to CGT changes

Accountancy Age- Thames River Capital has introduced new realisation shares on its £276m Thames River hedge fund, run by Ken Kinsey Quick, to give investors an alternative source of tax-efficient income following the government’s changes to the Capital Gains Tax  (CGT).

At board discretion investors will be able to elect to redeem (or have placed) realisation shares in June and December. At the outset their redemption rate is expected to be the equivalent of 5% a year of the starting net asset value, to be paid in two approximately equal distributions.

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