Life Style Extra – Thomas H Lee Capital Management said it plans to float its fund of funds hedge fund, Lee Diversified Opportunities Limited, on the London Stock Exchange.
Its main focus will be on mitigating risk and preserving capital, by investing the proceeds of the IPO and funds borrowed for investment purposes in at least 45 individual hedge funds selected by theholding company.
The company said that it intends to issue three classes of shares, denominated in US dollars, euros and sterling, respectively, with quarterly conversions permitted between the three classes.
