Concurrently with the IPO, Silver Bay will engage in formation transactions through which it will acquire an initial portfolio of single-family residential properties from entities associated with Two Harbors and Provident in exchange for equity interests in Silver Bay.

FORBES: Silver Bay Realty Trust Corp. Announces Proposed Public Offering

"By looking at and understanding the properties of El Gordo, we're able to understand the time evolution of the structure formation of the Universe, " Prof Hughes told BBC News.

BBC: 'El Gordo' is largest distant galaxy cluster ever seen