Hedge funds and sovereign wealth funds snapped up as much as 20pc of Vallares’s £1.35bn share offering, The Sunday Telegraph has learnt.
In a development that appears to be at odds with Vallares’s assertion that UK and US long-only fund managers provided the vast majority of the demand, a significant number of hedge funds invested in the oil-and-gas shell vehiclefounded by a quartet that takes in former BP chief executive Tony Hayward and financier Nat Rothschild……………………………………….Full Article: Source