London familiarity

Allied Minds plc (LSE:ALM) may have raised eyebrows by listing on the LSE, given its exclusive focus on investing in U.S. institutions. But Allied Minds has a similar investment approach to two other London-listed investment vehicles, meaning U.K. investors already understand the business model.

On June 20, Boston-based Allied Minds raised £84.1 million ($142.8 million) through the sale of 44.3 million shares at 190p in an IPO. The deal values the company at £398 million ($675.9 million)...