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.”

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