Alternative
Investment Strategies Ltd raises £101 million of new
Equity
19 February 2007 - Alternative Investment Strategies Ltd
(‘AIS Ltd’), the AAA-rated*, first fund of hedge
funds to be listed on the London Stock Exchange, today announced
the results of an equity fundraising. Applications received
under the placing and offer for subscription of the C Class
Sterling Hedged shares have raised - £101 million of
new monies in this issue. Dealings in the C shares will commence
on 22nd February 2007.
AIS Ltd currently has 30 hedge fund investments across nine
different hedge fund strategies and five regions. The proceeds
of the fundraising will be invested in existing and new hedge
fund investment opportunities. It is expected that the C Shares
will convert into existing Sterling Hedged Shares by 30th
March 2007, following investment of the fundraising proceeds.
AIS Ltd’s annualised returns are 10.13% since inception
of the fund in December 1996, with no negative years, versus
7.77% for the MSCI World Index (GBP Hedged). AIS Ltd celebrates
over ten years of impressive results, achieving superior absolute
returns, with low correlation to traditional equity and bond
markets by investing in a diversified portfolio of hedge funds,
on a worldwide basis. International Asset Management (‘IAM’),
the London and New York-based fund of hedge fund manager,
is the investment manager of AIS Ltd and provides the marketing
support. Hoare Govett is corporate broker to AIS Ltd and acted
as sole placing agent in connection with the fundraising.
Alan Djanogly, IAM Head of Investments commented, “Interest
in hedge fund investments continues to be increasingly popular
and we are very excited to see that this issue has attracted
demand from a wide range of both existing and new investors.
AIS Ltd, with its unique 10 year track record, offers these
investors consistent superior investment performance through
a London stock exchange listed, Sterling Hedged fund of funds
structure with secondary market liquidity.”
*AIS Ltd achieved a AAA rating from Allenbridge HedgeInfo
in January 2007
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