Reuters- Investors chasing a wave of hedge fund listings hitting global stock markets may be getting in too late.<\/p>\n
GLG Partners, one of Europe’s largest, became the latest to cash in on heightened hedge fund interest on Monday, setting the stage for a U.S. stock listing valuing it at $3.4 billion (1.7 billion pounds).<\/p>\n
Thames River Multi Hedge Fund also said it plans to raise up to 100 million pounds with a placing and offering of new shares.<\/p>\n
“It’s more or less the top of the market,” said Amin Rajan, chief executive of independent fund management consultancy Create. “Hedge funds are finding it very convenient to go to the market, especially as hedge fund returns are not very good.”<\/p>\n
“They find it a very opportune time to cash in part, if not all, of their equity holding,” Rajan added.<\/p>\n