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BGI Endowment Fund falls short of target

Guernsey based traded endowment company BGI Endowment Fund III Ltd, has failed to live up to expectations.


Barclays Global Investors had hoped to raise £30m with this its third version of the fund. However, only 12,854,000 share applications at 100p a share were received, this was in addition to the 7,199,000 already placed.


According to BGI, it was slightly disappointed with the result as it had hoped the issue would like its forerunners, be oversubscribed.

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Neptune video: Europe — banking on a recovery

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