Saturday, 28 November 2015
Last updated 13 hours ago
Aug 25 2010 | 1:28pm ET
The secondary hedge fund market fell 3% in August amidst trading dominated by illiquid funds.
Trading on the Hedgebay Illiquid Asset Index rose to 67% in July.
“Funds that are closed to new investment are still an extreme rarity at present,” Elias Tueta, co-founder of Hedgebay, said.
“We will eventually see funds close to new investors if good performance on the primary market continues, and when we do, we will see the secondary market once again being used for its original intention – to allow hedge fund investors to access high performing funds that have closed to investors. Currently, secondary market users are focussed on risk mitigation and capital raising, and this has kept the average price at a relatively low level.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…