Tuesday, 1 September 2015
Last updated 3 hours ago
Jan 11 2007 | 11:11am ET
Amsterdam may not be the only place in Europe to list a hedge fund anymore. With the U.K. Financial Services Authority reportedly relaxing rules to allow single-strategy funds to list on the London Stock Exchange, London-based hedge fund manager Brevan Howard hopes to raise between €500 million and €1 billion in a floatation during the first quarter. Another London manager, Polygon, is also considering an LSE launch.
Yet another London hedge fund firm, Marshall Wace, raised €1.5 billion when it listed its MW TOPS on Euronext Amsterdam last year.
Currently, the FSA forbids single-strategy funds from listing in the U.K. because they fail to meet diversification requirements. The regulator also imposes restrictions on short-selling by publicly-listed entities not amenable to hedge funds.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…