Sunday, 21 September 2014
Last updated 1 day ago
Dec 20 2010 | 8:20am ET
Hedgebay, which provides access to the secondary market for hedge funds, has launched a pricing and valuation service to assist hedge fund investors in determining the present value of the assets in their portfolios. The consultancy service gives investors holding illiquid assets a confidential means of price discovery across their portfolio.
The Hedgebay Pricing & Valuation Consultancy Service provides clients with valuations for their portfolios and advises on how best to manage the component assets. The service specializes in pricing hard-to-value assets such as those that are locked up or side-pocketed, have long redemption periods or suspended rights or those in funds that are undergoing restructuring.
Hedgebay already has a number a clients using the proprietary service, including banks, funds of funds, auditors and liquidators.
“This service is not only of great benefit to the individual using it, but to the secondary market as a whole,” said Elias Tueta, co-founder of Hedgebay. “A wide-scale valuation and pricing system will bring greater transparency and efficiency to an area where there is currently only a limited amount.”
“The lack of a mechanism for valuation means that buyers and sellers on the secondary market have been basing pricing on one-off variable factors like liquidity demands and portfolio structure – which are determined by the needs of the individuals trading, rather than any basic statistics of valuation. This is causing volatile prices and uncertainty among investors.”
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.