Charlemagne considers IPO

Date: Wednesday 01 Mar 2006

Hedge fund manager Charlemagne Capital admitted that it is considering a flotation after press reports today suggested it could announce terms as early as this week.

A report in the FT said Charlemagne was expected to announce this week that it would float on London’s Alternative Investment Market market with a value of about £350m.

Charlemagne, which manages funds totalling more than $3.5bn in emerging markets, was formed in 2000 out of Hong-Kong-based asset manager Regent Pacific.

Reports suggest the company is not expected to raise new capital when it floats but instead should provide an exit strategy for the directors.

The FT also reported that Thames River Capital, a hedge fund with $7.8bn under management, is also likely to consider floating following a strategic review.

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