Highbury Financial, formed by partners of Berkshire Capital Securities...

Highbury Financial, formed by partners of Berkshire Capital Securities to make acquisitions in the financial services industry, filed a registration statement with the SEC to issue up to 6.9 million shares to the public that will trade over the counter. In its prospectus, Highbury said it will have to invest at least 80% of the up to $41.4 million raised in its first acquisition, with shareholder approval, within 18 months, or liquidate those assets to shareholders. Richard S. Foote, Highbury's president and CEO, said the new company offers investors another vehicle with which to invest in the sector.