Sign up for free newsletter

 

Despite difficult conditions, Psource Capital has raised GBP30million for a London-listed hedge fund manager and has further cash-raising plans for the fund.

PSource Structured Debt, believed to be the first hedge fund to list on the London Stock Exchange's Main Market under the stringent chapter 15 listing rules, will be managed by New York-based Laurus Capital Management. It will float on Friday and invest in senior secured debt and warrants issued by North American growth-oriented micro-cap companies.

The success of PSource's fund is in contrast to other recent hedge fund flotations, which have been adversely affected by the US subprime mortgage crisis. Last week offerings from Britain's Man Group and US firm Third Point both raised less than targeted.


Subscribe to free daily newsletter
latestjobs
Junior Quantitative Trader

Sat, 04 Jul 2015 00:00:00 GMT

Compliance Officer, Vice President, Private Banking

Fri, 03 Jul 2015 00:00:00 GMT

Credit Risk AVP/VP | Singapore

Fri, 03 Jul 2015 00:00:00 GMT

events
1 day 6 hours from now - Hong Kong
1 week 6 days from now - Rhode Island
specialreports