Funds of Hedge Funds

Castle AI finalises LSE listing plans


Castle Alternative Invest, a closed-ended investment company listed on the SIX Swiss Exchange, plans to have a dual listing on the London Stock Exchange. The listing is expected to become effective on 5 June 2009 and with assets of more than $500 million will result in Castle AI becoming one of the top three funds of hedge funds by assets listed on the London Stock Exchange.

By listing on the LSE, Castle AI's board expect to see improved secondary market liquidity and a tightening of the present share price discount to net asset value over time.

The investment adviser