Wednesday, 20 August 2014
Last updated 7 hours ago
Oct 18 2010 | 11:39am ET
CQS is dipping its toe into the publicly-listed waters, with plans to launch a hedge fund on the London Stock Exchange.
The US$7 billion firm's first listed vehicle will invest in the hedge fund's Diversified Fund, which itself invests in CQS's other hedge funds, the Financial Times reports. The Diversified Fund is up almost 22% this year after a 7.69% September surge, and has enjoyed a 10% annualized return since its debut in 2007.
CQS has yet to set a target amount to be raised by the share sale. RBS Hoare Govett will serve as bookrunner and is to begun gauging interest among investors this week.
The new fund will feature a provision that triggers a continuation vote if its shares trade at a discount of more than 5%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note