Saturday, 30 August 2014
Last updated 1 day ago
Oct 22 2010 | 1:34pm ET
The hedge fund secondary market bounced back in September amidst continued heavy trading.
The Hedgebay Global Hedge Fund Secondary Market Index rose almost half a percentage point to 78.93% last month. Much of the increase was the result of a raft of near-par trading, with some stakes changing hands for the full net asset value of the investments.
"September is traditionally one of the quieter months on the secondary market, but increasingly we are seeing that tradition no longer applies in the aftermath of the credit crisis," Hedgebay's Elias Tueta said.
"With the end of the third quarter nearing, the scramble for liquidity meant that sellers were willing to settle for slightly reduced prices for assets in any class," he added. "The number of high quality hedge fund shares still on the market means that there will always be willing buyers for these reduced assets, and this sparked much of the near par trading we saw in September."
Private equity and credit strategies found the most takers last month, the first in four to see the index rise. Even Hedgebay's Illiquid Asset Index inched up to 47.58% of par, from 44% in August.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...