Tuesday, 16 September 2014
Last updated 8 hours ago
Dec 3 2007 | 7:39am ET
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?