How now, Tau?
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Richard Horlick, Tau: Tau is an obvious investment for investors seeking diversified exposure to a rapidly expanding economy |
THE INITIAL PUBLIC offering in May for Tau Capital, a closed-ended fund established jointly by UK financier Lord Jacob Rothschild’s investment group Spencer House Capital Management (SHCM) and Compass Asset Management (CAM), a leading fund management business in Almaty, is a clear indication of investor appetite for equity exposure to Kazakhstan and its region.
Initially targeted to raise $200 million on the Alternative Investment Market segment of the London Stock Exchange, the flotation lead managed by Numis Securities actually raised $250 million.
The fund will be run by Richard Horlick, former head of investment banking at Schroders, and will invest in listed and unlisted mid-market companies in Azerbaijan, Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan and Russia, as well as Kazakhstan.
