Monday, 6 July 2015
Last updated 20 min ago
Nov 16 2010 | 12:50pm ET
The hedge fund secondary market continued its turnaround in October, a month that saw the highest average trade price in six months.
Buyers paid 81% of net asset value for hedge fund stakes last month, according to the Hedgebay Global Hedge Fund Secondary Market Index, the second time in as many months that the average price has gone up. In September, investors paid just under 79%, on average.
"It is extremely difficult for investors to be secure about committing to trades when price valuation is so volatile, as it has been over the last six months," Hedgebay co-founder Elias Tueta said. "The steady rises over the last couple of months may bring a bit of added confidence to investors for the rest of the year."
But confidence in one area was considerably shaken last month: the illiquid hedge fund space. The Hedgebay Illiquid Asset Index plummeted to 34.5% in October from 47.6% in September.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…