Reuters – Cazenove Absolute Equity, part of investment company Cazenove Capital Management, said on Tuesday it was launching a new fund of hedge funds via an IPO later this month aimed at retail andinstitutional investors.
Up to 100 million shares will be offered via the IPO at 100 pence per share, with dealings on the Alternative Investment Market expected to begin on October 30, Cazenove said.
Cazenove Absolute said it would be a Guernsey registered, closed-ended investment company with Cazenove Capital Management acting as investment manager.
