Veteran financier Sir John Beckwith plans to establish a new hedge fund management firm along similar lines to Thames River Capital, the fund management company he backed that was sold to F&C Asset Management last year.

Pacific Investments, Beckwith's private investment vehicle, has teamed up with Rob Barker, a former partner and director of business development at International Standard Asset Management. Barker will be partner and chief executive officer of the new venture, which is yet to be named, according to a statement from Pacific. ISAM is the hedge fund firm set up by Stanley Fink and Larry Hite.