Hedge funds are flooding the markets as investors' appetite for alternative assets increases, given the current volatility in the more established credit and equity markets.
Infrastructure group John Laing said it plans to list an infrastructure fund in London, raising up to £270m.
The fund, which is expected to deliver a dividend yield of 6% in the long term, will invest in PFI/PPP infrastructure projects, backed with government revenue, said John Laing, who will keep a 20% stake in the project.
Brevan Howard, one of Europe's biggest and most respected hedge funds, said it plans to sell shares in a new credit fund, to be listed on the London Stock Exchange. The BH Credit Catalysts fund is expected to raise at least £150m, according to Reuters.
The company, which has $32bn under management, said the fund will invest in different credit strategies and will trade its positions.
"The credit market is large and there is not enough risk capital available," said Nagi Kawkabani, CEO of Brevan Howard, in a statement. "Brevan Howard therefore believes that the opportunity set within credit markets for a trading strategy is significant."
Hedge funds continue to profit and develop as politicians in Brussels failed, again, to agree on a proposed directive aimed at imposing tougher rules on the industry.
The European Parliament, which cancelled a press conference expected to announce an agreement earlier this week, said that a "trialogue" meeting had been cancelled today given the lack of consensus. The EU Parliament and the Counsel of Ministers have been trying to agree on a draft for months.
