The London stock exchange announced the launch a new market for issuers of specialist funds.

The Specialist Fund Market will work with professional investors such as hedge funds to satisfy the market need which will exist between AIM and the Main Market once the FSA's new Unitary Regime is introduced.

Martin Graham, Director of Markets at the London Stock Exchange said, "Hedge funds and private equity are an increasingly important asset class that pension funds and other institutional investors want access to in order to diversify their overall portfolios and improve their returns."

The Specialist Fund Market will be open to both UK and international funds, and will be complementary to the FSA's proposed Unitary Regime for investment entities listing on the Main Market.
More here.