PraxisIFM supports launch of fund IPO on LSE

Posted: 03/06/2020

PraxisIFM Group has provided services to the Nippon Active Value Fund (NAVF) in its listing on London Stock Exchange in February. 
 
PraxisIFM Fund Services (UK) is providing administration and corporate secretarial services. In addition, the group’s Guernsey-based alternative investment fund manager (AIFM), International Fund Management, is providing AIFM services to NAVF. 
 
NAVF is the only fund IPO to have listed on London Stock Exchange so far in 2020. The fund’s IPO raised £103m, based on its strategy to invest in undervalued Japanese listed companies where there are opportunities to realise value for shareholders through active engagement with management.


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