LONDON (AFX) – CMA Global Hedge PCC, a specialist worldwide investment company, is to seek a full listing on the London Stock Exchange through a proposed placing of shares with an aggregate value of 500 mln usd.
CMA Global Hedge will be a newly incorporated company structured to attract investors seeking superior risk-adjusted returns through the active management of a global portfolio of hedge funds.
CMA Global Hedge is to be managed by CMA, a wholly owned subsidiary of EFG International, a global private banking group offering private banking and asset management services. The listing is expected during the third quarter of 2006.
Proceeds of the placing will be invested across 35-50 hedge funds to create a diversified, low volatility portfolio with multiple strategies, markets and geographies. It aims to achieve net returns of 7 pct above LIBOR (the London Inter Bank Offered Rate).
