Did Rothschild manage to raise £1bn in 11 days?

Nathaniel Rothschild, the financier, has confirmed his position as one of the most powerful brokers in the country after smashing the fund raising target for his new venture.

In a London share sale on Friday, £1.35bn was raised by Rothschild and his partner Tony Hayward, the former boss of BP. The pair made headlines last week with their claim to raise £1bn in 11 days from the float of Valleres, a company that will aim to buy emerging market oil and gas businesses. Hayward said he was 'heartened' by the investor support for Vallares, which sold a 133 million shares at around £10 each to UK and US investors, according to the FT. Vallares' structure is based on that of Vallar - another cash shell launched by Rothschild last year - which invested in stakes...