Guernsey-based pop music investment proves to be a hit

Pedro Gonçalves
clock • 1 min read

Hipgnosis Songs Fund, a Guernsey-registered fund that invests in music back catalogues has proven to be a hit with investors. Set up by Merck Mercuriadis, the former manager of Beyoncé, Elton John, Morrissey, Iron Maiden and Guns N' Roses, was admitted to the London Stock Exchange in July last year after raising £202.2m. It announced in April a placing with a target of £100m for the acquisition of further significant music catalogues. Owing to increased institutional demand from existing investors, the placing was oversubscribed in record time and attracted approximately £141.5m. E...

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