Friday, 25 July 2014
Last updated 19 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…