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Thames River rejects float plan

Glyn Jones is quitting as chief executive of Thames River, a London-based hedge and traditional fund manager running $8.5bn (€6.8bn) of assets, after the private company decided against a public listing.

Charlie Porter, co-founder of the business and currently president, said he has resumed the chief executive role he handed over when Jones joined seven months ago. Jones said he will leave the firm after a short handover period.

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