Financial Times – Charlemagne Capital, the emerging market and hedge fund management group, is expected to announce this week its intention to float on the Alternative Investment Market.
The company, which has about $4bn (£2.3bn) under its control, is expected to be valued at about £350m. It is the first of several hedge fund and specialist fund managers that look set to announce intentions to list in the next few weeks.
Thames River Capital, a hedge fund with $7.8bn under management, is also likely to consider floating following a strategic review expected to be completed next month by Glyn Jones, its new chief executive.
If Charlemagne and Thames River float, they will join the UK’s only two listed hedge fund management groups: RAB Capital, which manages $2.6bn in funds and is valued by the market at £300m, and Man Group, which has $46bn to invest and a market capitalisation of £7.12bn.
Charlemagne was formed in 2000 out of Regent Pacific, the Hong-Kong-based asset manager set up by Jim Mellon, the property entrepreneur and fund manager.
