London raises the bar...

The London Stock Exchange (LSE) is to launch a dedicated new market for issuers of specialist funds including hedge funds, on 1 November.

"The Specialist Fund Market (SFM) will meet demand from both issuers, institutional and other professional investors, for a quotation on a regulated market in London that provides sufficient flexibility for specialist vehicles such as single strategy hedge funds and private equity vehicles," the LSE said in marketing material.

mifid compliance

The SFM will be