December 11, 2006
Hedge Fund IPO Raises 1.5 bn Euros
Marshall Wace LLP recently raised 1.5 billion euros ($2 billion) in the largest initial public offering of a hedge fund. This move has opened up a millionaires-only market to individual investors. Bloomberg.com reports:
Hedge funds have over the past two years become more available to individual investors, as Goldman Sachs Group Inc. and Rab Capital Plc sold shares. So-called alternative investment funds raised more than $16 billion through stock sales in Europe this year, up sevenfold from 2005, data compiled by Bloomberg show. MW Tops will invest in two Marshall Wace funds that have outpaced global stock market and hedge fund indexes this year.
Read more: Marshall Wace Raises EU1.5 Billion in Hedge Fund IPO
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