Hedge fund investor’s £216m listing on LSE marks second-largest hedge IPO this year.Allen & Overy (A&O) and Herbert Smith have secured prime roles on the £216m float of hedge fund investor CMA Global Hedge on the London Stock Exchange.
CMA is one of a growing number of pooled funds to invest in hedge funds, with its float cited as further opening up of the booming hedge fund investment market.
It is the largest fund of funds listed in London so far and the second-largest financial initial public offering (IPO) to be completed in London this year.
A&O was instructed on the deal about two months ago after a competitive tender process.
