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Investment management firm The Aveon Group files for a $205 million IPO

August 10, 2010
AVO

The Aveon Group L.P., a recently formed investment firm created to acquire interests in the managing members of a diversified group of hedge funds, filed on Tuesday with the SEC to raise up to $205 million in an initial public offering. The Marblehead, MA-based company, which booked $58 million in pro forma sales last year, plans to list on the NYSE under the symbol AVO. J.P. Morgan and Jefferies & Co. are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.