Tuesday, 16 September 2014
Last updated 11 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.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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