Dexion Raises £460M For Listed Fund Of Hedge Funds

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.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.