Wednesday, 25 November 2015
Last updated 2 hours ago
Aug 1 2014 | 1:52pm ET
The secondary market for alternative investments reached new heights in the first half, according to a survey from Setter Capital.
Volume on the secondary market shot up nearly 50% compared to the first quarter of last year, to $22 billion. The overwhelming majority of the activity took place in private-equity funds, which accounted for $16 billion of the assets purchased, a 33% year-on-year increase.
North America saw the most action, accounting for in excess of half the total volume, followed by Western Europe, which saw slightly less than one-third. Asia-Pacific fund stakes worth US$3 billion changed hands. In terms of buyers, the North American-Western European dominance of the market was even more striking, with the two regions combining to account for about 97%.
Average deal size actually fell from $28 million to $23.5 million.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…