WEST PALM BEACH, FL (HEDGECO.NET) – The CMA Global Hedge PCC Ltd in London has issued 3 classes of shares in their new hedge fund IPO, priced at $10, E10 and £10. Shares worth £20 million or more will be subscribed for by Sabby Mionis and Angelos Metaxa, the founders of CMA’s global hedge fund manager. The minimum application under the placing is for $65,000, E50,000 and £35,000 respectively in each class.
Sabby Mionis, CEO of CMA, commented that “CMA has for eight years consistently delivered stable returns, establishing itself as a successful fund-of-hedge-funds manager……The highly experienced management team has a track record of proven fund performance and attracting blue-chip institutional funds. As founders, Angelos Metaxa and I plan to invest $20 million in CMA Global Hedge with a two year lock-up, while our parent, EFG International, also intends to invest $20 million.†Its shares will not be subject to a lock-up.
They are a wholly owned subsidiary of EFG International, head-quartered in Zurich and listed on the Swiss Exchange with a market capitalisation of approximately 4.6 billion Swiss Francs.
CMA Global Hedge is based in new Guernsey, a closed-ended, investment protected cell company structured to attract investors seeking risk-adjusted returns through the active management of a global portfolio of hedge funds. CMA Global Hedge is to be managed by CMA, a Bermuda-based exempt investment management company to funds of hedge funds.
Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net
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