Dexion Absolute Aims for 135 Million in Share Issue

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LONDON (HedgeWorld.com) - Dexion Absolute Ltd., the biggest listed fund of hedge funds on the London Stock Exchange, has launched a placing of new shares comprising up to 10% of the closed- end fund's existing net asset value, or 135 million ($265 million).

The capital raising followed a December share issue that raised a better-than-expected $950 million. If the full amount is raised Dexion Absolute, one of the oldest listed British funds of hedge funds, will have a net asset value approaching $3 billion.

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Dexion Absolute Aims for 135 Million in Share Issue

"The company's ordinary shares have continued to perform strongly with the ordinary shares of each class trading at ...

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