LSE Unveils Listed Hedge, Private Equity Fund Platform

Jul 12 2007 | 11:30am ET

Aiming to maintain its position as the top listing venue for publicly-traded hedge fund and private equity vehicles, the London Stock Exchange has announced plans for a dedicated market for specialist funds.

The Specialist Fund Market, which will operate alongside the LSE’s main market and Alternative Investment Market, will offer enough flexibility to allow the listing of single-strategy hedge funds and p.e. funds, the LSE said in a release today. Both British and overseas funds are eligible for listing on the SFM, which is set to be unveiled when the U.K. Financial Services Authority rolls out its new Unitary Regime for listed investment funds.

“The introduction of the Specialist Fund Market enhances [the existing] choice by creating a separate, clearly-labeled market for alternative assets such as single-strategy hedge funds and private equity vehicles,” Martin Graham, director of markets at the LSE, said. “It will enable the London markets to continue to meet what we know is a strong demand among issuers and investors for a regulated-market quotation suitable for these more complex entities, while remaining clearly delineated as a professional market.”

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