Capital Management Advisors said yesterday it planned a $500 million listing on the London Stock Exchange for a new investment company calle...

Capital Management Advisors said yesterday it planned a $500 million listing on the London Stock Exchange for a new investment company called CMA Global Hedge. CMA Global Hedge said it plans to list in the third quarter and invest the funds raised in 35 to 50 hedge funds across the range of markets to create a diversified, low-volatility portfolio. CM Advisors will manage all investment decisions. Founded in 1997 by Sabby Mionis, earlier this year, CM Advisors was bought by EFG International, the Zurich-based private banking business.