{"id":5276,"date":"2006-11-14T00:00:00","date_gmt":"2006-11-14T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"large-hits-at-londons-hedge-fund-listing-ban","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2006\/large-hits-at-londons-hedge-fund-listing-ban.html","title":{"rendered":"Large hits at London’s hedge fund listing ban"},"content":{"rendered":"

Times Online – SIR ANDREW LARGE attacked London\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s ban on listed hedge funds as \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201canachronistic\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d yesterday as he was named chairman of a record-breaking new \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac1 billion (\u00c3\u201a\u00c2\u00a3675 million) hedge fundfloating in Amsterdam.<\/p>\n

The former Bank of England Deputy Governor and chairman of the Securities and Investments Board, forerunner to the Financial Services Authority, is to chair the new investment vehicle operated by the London hedge fund manager Marshall Wace. If it succeeds in raising its target of \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac1 billion it will be the world\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s biggest listed hedge fund.<\/p>\n

Sir Andrew said that London\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s restrictions on the listing of single-strategy hedge funds was one reason for the choice of Amsterdam. Single-strategy hedge funds are usually banned from full listings in London because they are not sufficiently diversified and because of restrictions on short-selling. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cIt\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s a historic thing,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Sir Andrew said. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cI think it\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s a bit of an anachronism.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n

Marshall Wace is the second hedge fund manager this month to choose Amsterdam to raise money in a permanent capital vehicle. Two weeks ago the Anglo-French hedge fund manager Boussard & Gavaudan chose it to raise $562 million.<\/p>\n

Read CompleteArticle<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Times Online – SIR ANDREW LARGE attacked London\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s ban on listed hedge funds as \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201canachronistic\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d yesterday as he was named chairman of a record-breaking new \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac1 billion (\u00c3\u201a\u00c2\u00a3675 million) hedge fundfloating in Amsterdam. The former Bank of England Deputy Governor […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5276","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5276","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=5276"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5276\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}