Monday, 24 November 2014
Last updated 1 hour ago
Oct 15 2007 | 12:37pm ET
Gottex Fund Management is the latest hedge fund firm on its way to market.
The US$13.3 billion Swiss fund of hedge funds shop is set to go public with a listing on the SWX Swiss Exchange. The firm plans to sell 30% of itself in the initial public offering, with past and current management retaining the remaining 70%.
The firm said no management departures are expected in the wake of the share sale. Management will invest half of the proceeds in its funds, and current managers will hold their shares for at least one year, and thereafter will sell only in stages over the following three years.
Morgan Stanley is the global coordinator of the IPO, and joins with Goldman Sachs and Credit Suisse as joint bookrunners. Citigroup has been named lead manager and co-bookrunner, with Swiss bank Zürcher Kantonalbank as co-manager.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...