Brevan Plans Publicly-Listed Fund In London

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...