Should You Consider Listing Your Fund? The Hedge Fund Opportunity & Challenge

CNPupdate

 

Should You Consider Listing Your Fund? The Hedge Fund Opportunity & Challenge


Date Published: 1 April 2015 


Authors: Bill Jamieson and Amit Dhume.




 

The hedge fund investment industry is maturing. The alternative investment sector, which has grown approximately 10% a year since the financial crisis, is positioned to continue along this growth path over the next 5 years. According to a recent survey by KPMG, a large share of the new growth will come from institutional investors such as pension funds, sovereign wealth funds, and endowments.

Hedge Fund managers, therefore, have a powerful incentive to attract greater allocations from these institutional investors but there will consequently be a push for increased transparency requirements and a demand for higher corporate governance standards.

 

Questions for a Fund Manager to consider

In response to the opportunities and challenges posed, how will it be possible to:

  • Make a memorable impact on investors?
  • Position your brand name effectively in the market place?
  • Raise visibility and credibility for your fund?
  • Demonstrate a commitment to best practices?
  • Influence positively staff and trustees of institutional investors?

 

Answer

A stock market listing for your funds can enable you to raise product visibility and credibility and, in so doing, potentially increase accessibility to the global institutional investor market.

 

The Gibraltar Stock Exchange Solution

The Gibraltar Stock Exchange (GSX), the world’s youngest stock market, is dedicated to the technical listing of open-ended funds. GSX is a European regulated stock exchange, licensed by the Financial Services Commission, which commenced operations in November 2014.

 

GSX has a commitment to provide a robust listing process that is both fast to market and commercially attractive compared to its European peers.


Disclaimer: This update is provided to you for general information and should not be relied upon as legal advice.

 

CNPLaw’s Investment Funds Lawyers


Bill Jamieson is a Partner at CNPLaw LLP. Bill is an English lawyer who is also registered to practise Singapore law in the areas of corporate law, banking and finance and securities laws. He enjoys working in the diverse and dynamic Asian market and helping his clients to achieve their goals.
Partner

    Bill’s practice focuses on corporate financing transactions, investment funds, mergers and acquisitions, private equity, and employment law matters. His experience includes 10 years in the City of London and over 20 years in Asia. Before joining CNP, Bill was a partner in a well-known international law firm. He is recommended lawyer for Corporate and M&A, Banking and Finance, Investment Funds and Labour and Employment in Legal 500 Asia Pacific 2021. Bill is one of the firm’s contacts for Interlaw, a network of independent full-service corporate law firms ranked by Chambers and Partners in its highest category, “Elite”, amongst all global law firm networks.


    We provide legal advisory services to fund managers, investors and investee companies in relation to both open-end funds and closed-end funds that deal with a variety of asset classes and employ different investment strategies including hedge funds, private equity funds, venture capital funds, mutual funds, commodity funds and exchange traded funds.




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