Dexion Capital, the hedge fund consultant, has listed a fund of hedge funds on the UK stock market. It will be managed by K2 Advisors.
Shares in Dexion Equity Alternative, the newly listed vehicle, were placed by ABN Amro's Hoare Govett stockbroking arm and started trading at 102p, a premium to underlying asset value of 98p a share. Hoare Govett raised £85m.