Hedge Fund Reader : Large Hedge Fund to be Floated

Comments

arnaud on Hedge Funds Look to Luxembourg
armelle guizot on Amaranth to Downsize HR
HJ on Amaranth to Downsize HR
doug sysel on Clarium Capital Hedge Fund Sued
Pushpa on Amaranth to Downsize HR
john doueck on Amaranth to Downsize HR
Trish on Ex-Counsel of Greenberg joins Bryan Cave

June 13, 2006

Large Hedge Fund to be Floated

The London stock market will see its largest fund of hedge funds if all goes according to plan for Angelos Metaxa, owner of the hedge fund Capital Management Advisors, and Sabby Mionis. The duo have decided to jointly float CMA Global hedge, a $500 million close-ended fund, which is scheduled to debut in autumn this year. UK Telegraph reports:

Conscious of investor nervousness, the fund is offering a novel safeguard. If, after a year of being listed, the net asset value of the fund has traded at more than a 3 percent discount to its flotation value during the period, the directors are offering to buy back 25 percent of issued stock.

--
Did you enjoy this post?

June 13, 2006 in Arbitrage | Permalink