Wednesday, 1 October 2014
Last updated 22 min 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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