Hedge Fund Pioneer Plans London Listing

Mar 31 2008 | 1:00am ET

The first hedge fund to list in Amsterdam may become the second to add a listing in London.

London-based Boussard & Gavaudan would create a new Sterling share class of Boussard & Gavaudin Holding, which manages about €800 million (US$1.6 billion), should the secondary listing on the London Stock Exchange go forward. Earlier this year, Marshall Wace announced plans to list its US$2 billion MW Tops fund in London.

The British capital, which lost out to its Dutch rival partly due to regulatory restraints preventing public hedge fund listings, has lured several new funds since the Financial Services Authority relaxed those rules.

“It goes to show that if you get the regime right, it can be a competitive advantage, and a competitive disadvantage if you get it wrong,” the LSE told the Financial Times.

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Marshall Wace To List Hedge Fund In London


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