HedgeCo.Net (New York) – Fund of hedge funds manager, Gottex Fund Management, announced that they intend to launch a publicly listedclosed-ended investment company, Gottex Market Neutral Trust, which will be listed on London’s main market.
All proceeds from a placing and offer for subscription, net of working capital requirements, will be invested in a portfolio of underlying hedge funds, it added, no numbers were provided.
The company’s initial investment rationale, methodology and portfolio management will be consistent with that of Gottex Market Neutral Fund, a conservative open ended fund of hedge funds that seeksconsistent returns with a low correlation to the major stock and bond market, it has been managed by GFM since 1999.
JPMorgan Cazenove is the group’s financial adviser, book runner and sponsor.
Alex Akesson
Contributing Writer
HedgeCo.Net
Email: [email protected]
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