Dexion Capital has raised an additional £460 million (US$946.1 million) for its publicly-listed fund of hedge funds product, making it the largest listed hedge fund vehicle in the world.

Dexion Absolute now manages £1.35 billion (US$2.78 billion), the Financial Times reports, topping Marshall Wace’s Amsterdam-listed MW Tops, which manages US$2.3 billion. The new money is more than twice the amount Dexion sought from investors, but the London-based firm says it’s only the beginning.

According to the FT, the firm aims to win a place for Dexion Absolute in the FTSE 100 Index, which includes the 100 largest British companies by market capitalization. Currently, the smallest company in the FTSE has a market cap of roughly £770 million (US$1.6 billion).

The fund’s investment adviser, Harris Alternatives, says it is not concerned about the big cash infusion. “The ease with which we are putting this capital to work I haven’t seen for a very long time,” Harris CEO Roxanne Martino told the FT.