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UK Boutique Fund Manager Raises Capital for Expansion

Stephen Harris

1 December 2006

UK-based boutique investment group and fund manager Shore Capital has raised £18.2 million in a new equity placing. The new shares will represent approximately 9 per cent of the enlarged share capital. "The proceeds will allow Shore Capital to continue to build on our rapid growth to date across our diverse income streams of equity capital markets, principal finance and alternative asset management," said Howard Shore, executive chairman.