Castle in LSE listing amid liquidity hunt

SWISS fund of hedge funds Castle Alternative Invest is launching a second share listing on the London Stock Exchange (LSE), in a bid to access the high levels of liquidity on the main UK stock market.<br /><br />The fund, run by LGT Capital Partners, is currently trading at a 27 per cent discount to its &pound;315m net asset value but hopes the 5 June listing will boost demand for its shares.<br /><br />LGT Capital general manager Mark White said: &ldquo;In Europe the LSE has become the principal source of liquidity and visibility for listed alternatives.&rdquo;<br /><br />LGT had planned to list Castle Alternative&rsquo;s shares in London towards the end of last year but delayed the decision because market conditions were so poor.