Saturday, 25 April 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…