Sunday, 29 November 2015
Last updated 1 day ago
May 18 2010 | 12:00pm ET
Jupiter Asset Management, the hedge fund and traditional asset manager, is set to go public next month.
The London-based firm plans to raise more than £220 million in an initial public offering on the London Stock Exchange. As part of the deal, private equity firm TA Associates will sell some of its stake in the firm.
Jupiter, which has about £20 billion in assets, will use the proceeds from the share sale to pay down its debt.
J.P. Morgan Securities will serve as the sole sponsor of the offering. The firm is also one of Jupiter’s financial advisers, along with Lexicon Partners, and is joint bookrunner alongside Bank of America Merrill Lynch. Numis Securities is co-lead manager.
“The strength of Jupiter’s investment culture has enabled us to attract and retain our talented team of fund managers and to deliver out-performance for clients through the market cycle,” Jupiter chief Edward Bonham Carter said. The money raised in the IPO will “further enhance our ability to achieve this objective for growing our client base.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…