2n20.com has created an internet platform for secondary market trading of hedge funds. Offers on the platform include fund details and the exact price a buyer or seller expects to realise.

By allowing participants to make counter offers, 2n20.com speeds up the intermediation process while also indicating market tendencies.

2n20.com has also introduced the high water mark market geared towards funds with short redemption periods that are not distressed and are selling at net asset value.

Because the fund shares are sold including the old high water mark, buyers can save on the performance fee until the old high water mark is reached and share these profits with sellers of the shares.

By doing this investors have the chance to participate on fund earnings even after selling their stake in the fund.

Registration on the platform is free, but access to the platform is only given to accredited investors.

The Zurich-based Swiss 2n20.com is a financial service provider specialised in internet based services tailored for the hedge fund industry. It operates a secondary market platform for trading hedge funds.