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Opalesque Exclusive: FRM lists flagship fund on LSE, GBP62m placed
The Board of FRM Diversified Alpha Limited, a newly-formed closed-ended investment company listed on the Official List of the UK Listing Authority and admitted to trading on the main market of the London Stock Exchange, announced that subscriptions have been received pursuant to the Placing and Offer with an aggregate Net Asset Value of GBP61,835,677
The Company's investment objective is to generate significant returns over cash, with low volatility and low beta to global equity and credit markets, when measured over an economic cycle, by investing in a diversified portfolio of hedge funds across all major strategies including: Equity Long-Short, Specialist Credit, Relative Value, and Directional Trading.
FRM began managing diversified-style funds of hedge funds in January 1998 and currently manages over US$10 billion for institutional investors (including approximately 300 pension funds globally) using this strategy.
Paul Dunning, CEO of Financial Risk Management Limited, says: "We are extremely pleased at this opportunity to provide investors with access to our flagship Diversified strategy through the listing of the Company on the London Stock Exchange, which is emerging as the leading market for listed hedge fund products. Diversified appeals to investors looking for an equity or fixed income substitute, due to its ability to produce consistent absolute returns in various market envi...................... To view our full article Click here
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