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LSE rule change succeeds in luring hedge funds

Anglo-French hedge fund manager Boussard & Gavaudan has retained UBS to advise on a London listing for its Amsterdam-quoted fund, eliminating Euronext's lead over London in terms of single-manager hedge fund listings.

Emmanuel Gavaudan, chief executive of Boussard & Gavaudan, said the fund would seek shareholders' approval for the dual-listing on June 17: “These measures are aimed at achieving liquidity and transparency for the benefit of shareholders."

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