{"id":4693,"date":"2006-07-07T00:00:00","date_gmt":"2006-07-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-dexion-widens-market-base","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2006\/hedge-fund-dexion-widens-market-base.html","title":{"rendered":"Hedge Fund Dexion Widens Market Base"},"content":{"rendered":"<div class=\"writeboardbody\">  WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Dexion Absolute Ltd. plans to boost its assets up to $1.5 billion by issuing up to $500 million in new shares. Dexion is readying the shares for a September  marketing, in sterling, euros, dollars and Australian dollars. Dexion Absolute was launched late in 2002. Its net asset value rose by 9.46% in 2005, the hedge fund had $237 million in total volume  traded in three months to May 15.  <\/p>\n<p>    \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cRoughly 65%-70% of Dexion Absolute is in the sterling-share class. We are targeting different companies and hoping for a larger take-up of euros and dollars\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Said Nick Browne, a director of    Dexion Capital, speaking also for the new Australian dollar shares. He also said the goal of the fundraising is to widen the company\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s reach with investors throughout the world who are keen for    hedge fund assets. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cInvestors like the idea of being able to sell their investment in the secondary market whenever they want and being able to value the product whenever they want,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Browne said.  <\/p>\n<p>    Dexion Absolute\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s returns are based on investments in 56 hedge funds that are managed by Harris Alternatives <span class=\"caps\">LLC<\/span>, a Chicago-based firm that has been running funds of    hedge funds since 1988.  <\/p>\n<p>    Similar vehicles backed by Goldman Sachs Group Inc. and Swiss private bank <span class=\"caps\">EFG<\/span> International, are also raising about $500 million each for initial public offerings of    their funds, a size that would put them ahead of all of the other London-listed fund-of-hedge-fund companies, except Dexion Absolute.  <\/p>\n<p>    From total assets of $3 billion in March, the listed fund-of-hedge-funds sector is set to double this year as existing companies raise new shares and a growing queue of investment managers forms    to launch new hedge funds.  <\/p>\n<p>    Alex Akesson<br \/>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: Editor@hedgeco.net  <\/p>\n<p>    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<p>    <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>    and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Dexion Absolute Ltd. plans to boost its assets up to $1.5 billion by issuing up to $500 million in new shares. Dexion is readying the shares for a September marketing, in sterling, euros, dollars [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4693","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4693"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4693\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}