Wednesday, 1 April 2015
Last updated 5 min ago
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.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…