Secondary Platform Records Highest Premium Since '05

Jan 21 2015 | 9:41am ET

Secondary market platform Hedgebay recently recorded the highest premium transaction on its platform since 2005.

The UK transaction, details of which were not revealed, may signal an upturn in investor confidence. Since 2008, Hedgebay had largely served as a source of liquidity for investors selling fund stakes at a discount.

Said Anastasia Brooks, Hedgebay VP of marketing, in a statement: “This purchase is quite significant, and we believe demonstrates a tangible return of confidence among investors. Whilst premium sales were a regular occurrence pre-crisis, the 2008 meltdown all but shut that market. This is particularly good news for those looking to sell, as the last several years lacked any real demand for premium assets. The ability to capture premium by investors who are rebalancing not only creates greater liquidity in the marketplace as a whole, but puts material economic value in the investors’ pockets as well as provides capital stability for the underlying managers.”

In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...


FINalternatives Trending

From the current issue of