CMA to Float Fund of Funds on LSE
LONDON (HedgeWorld.com)--Capital Management Advisors announced that it has requested admission of its investment company Global Hedge to trading on the London Stock Exchange via a proposed share placement valued at $500 million. CMA, which manages about $1.65 billion, also announced that Global Hedge will seek to be admitted to the...
GSAM to List Fund of Funds in London
LONDON (HedgeWorld.com)--Goldman Sachs Asset Management is preparing to list a new fund of funds in August on the London Stock Exchange. Goldman Sachs Dynamic Opportunities, a closed-end fund, will offer a core allocation to high conviction managers spread across four core strategies. It also will allocate to niche strategies. The...
Asset Report Checks Man Ascent
NEW YORK (HedgeWorld.com)--Man Group plc stock fell about 2% on the London Stock Exchange after the company reported on the growth of assets during the fourth quarter of 2005. The price slip apparently reflected trader disappointment with the numbers. Man sales in the three months ended Dec. 31 totaled US...
HSBC Fund Institutes Currency Hedging
GUERNSEY, Channel Islands (HedgeWorld.com)--HSBC Global Absolute Ltd., a closed-end fund of funds listed on the London Stock Exchange, announced the introduction of currency hedging for its sterling-denominated shares. HGAL launched in November 2001, with the objective of achieving equity-like returns with lower levels of volatility. At launch, its investment advisers...
Latest Dexion Fund of Funds Launched, Listed on LSE
LONDON (HedgeWorld.com)--Shares of the third fund of funds from Dexion Capital plc have begun trading on the London Stock Exchange. The closed-ended fund, Dexion Trading Ltd. (LSE: DTL) closed its first day, Nov. 29, up a penny, to ?1.01, on volume of 181,451. The week before, Dexion Trading's initial public...
Financial Services At The Center Of M&A Party
With private equity giant Blackstone Group taking over Equity Office Properties Trust, Nasdaq Stock Markets bid for the London Stock Exchange, and Bank of America's plan to buy Schwab's U.S. Trust division, financial services are in the thick of the merger-mania that is sweeping global markets.
Altin Continues Effort to Keep Stock Price in Line with NAV
NEW YORK (HedgeWorld.com)--Citing its strong returns for the first nine months of the year, Altin AG, a closed-end fund of funds listed on the London and Switzerland stock exchanges, described its current share price as unjustifiably low in relation to net asset value and the quality of its investments. ...
Man Group Highlights Management, Brokerage Income As Performance Loss Batters Stock
LONDON (HedgeWorld.com)--Man Group plc* shares went down by 70 pence, to 1175 pence (US$21.26), in morning and early afternoon trading on the London Stock Exchange as the market took in the information that performance fee income for the first six months of 2004 is about half the level for the...
RAB Capital Floats Stock Successfully, Plans New Funds
NEW YORK (HedgeWorld.com)--Multi-strategy hedge fund manager RAB Capital plc started trading on London Stock Exchange's AIM, a market for smaller companies, on March 16. The...
Altin Stock Stays with Asset Value
ZURICH, Switzerland (HedgeWorld.com)- Fund of funds Altin AG now is tracking closely its net asset value on the Swiss and London stock exchanges, after trading...