MW TOPS Ltd’s IPO raised $2 billion, creating a new record high for an initial public offering of a hedge fund, according to published reports.
Managed by the hedge fund firm Marshall Wace, the offering toped previous hedge fund IPO’s. Last month, Boussard & Gavaudan Holding Ltd. raised $559 million for investments in hedge fund Sark and Goldman Sachs Dynamic Opportunities fund raised $511 million in July.
The offering was made in Amsterdam on Euronext, says a spokesman for MW TOPS.