German private bank Sal Oppenheim is planning to list a fund of hedge funds on the London Stock Exchange, according to a report in the Finan...

German private bank Sal Oppenheim is planning to list a fund of hedge funds on the London Stock Exchange, according to a report in the Financial Times. The move follows the merger of its London funds of hedge funds operation, Attica, with Integrated Asset Management, through an equity swap. The combined entity has $1.5 billion in client assets, and it will concentrate its marketing efforts on German high net worth clients, a group of investors whom the bank believes is currently underweight in alternative investments. Sal Oppenheim is joining a growing trend. UK's Cazenove Capital is set to raise up to $140 million from an initial public offering of a fund of hedge funds to be listed in London in October. And in July Goldman Sachs raised $507 million and Capital Management Advisors raised $402 million for listed fund of hedge funds vehicles.