Monday, 25 June 2007

UPDATE 2-Hedge fund GLG eyes U.S. listing with reverse deal

(Reuters) - LONDON, June 25 - GLG Partners, one of Europe's
largest hedge fund firms, has lined up a U.S. stock market
listing to help it expand and hire top managers, using a reverse
acquisition that values it at $3.4 billion.




Public flotations of alternative investment vehicles,
including hedge funds and private equity firms, have become one
of the hottest areas of the markets in New York and London, with
the likes of Fortress Investment Group and Blackstone
Group becoming available to individual investors.


Read more at Reuters.com Bonds News

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