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Secondary trading

Secondary hedge fund trading market continues illiquid sell-off

The June/July period of secondary trading of hedge funds has seen a continued clearout of illiquid interests, including the beginnings of some activity in Madoff and Petters ­related assets.

Hedge Funds Review | 09 Aug 2010 | secure

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Hedge fund secondary market trading dominated by rush to dump illiquid investments

Liquidating or side-pocket share classes have dominated an increasing supply of illiquid portfolios and transactions during the May/June trading period on the secondary market for hedge funds.

Hedge Funds Review | 04 Jul 2010 | secure

Secondary market trading continues at same pace

The April/May period has seen a continuation of previous trends with an increasing supply of illiquid and liquidating share classes as investors seek to reduce impaired assets from their portfolios.

Hedge Funds Review | 30 May 2010 | secure

Hedge fund secondary market continues to see high levels of volatility

The average price for assets on the secondary hedge fund market has risen to its highest level for a year. Trading remains volatile.

Hedge Funds Review | 19 May 2010

Tullett Prebon enters capital raising arena

Interdealer broker Tullett Prebon is expanding into capital raising with the launch of a primary placement business aimed at hedge funds, private equity and other alternative investment funds.

Hedge Funds Review | 12 May 2010

Distressed assets still dominate market

The March–April period saw further clearing of illiquid and distressed assets, as the secondary hedge fund market was supported by an inflow of new participants from the private equity and single-manager......

Hedge Funds Review | 08 May 2010 | secure

Hedge funds continue attempt to off-load illiquid assets

The February-March period saw a surprising pick-up in secondary hedge fund activity in prime name managers trading near par value as investors exiting the asset class looked to realize gains.

Hedge Funds Review | 07 Apr 2010 | secure

Secondary hedge fund trading moves to par

The hedge fund secondary market has recorded its first trade above net asset value (NAV) in almost two years. The gap between the highest and lowest secondary market trades continued to widen in February.......

Hedge Funds Review | 25 Mar 2010

Different players, different game

A few years ago the secondary market was dominated by one or two names. With the increase in gates, side pockets and illiquid assets, secondary trading of hedge funds has blossomed. More players are in......

Hedge Funds Review | 01 Mar 2010 | secure

Private equity buyers add depth and volume to secondary transactions

The lowest trade during January/February transacted at 44% of NAV for an illiquid share class. The highest trades were at 97% for three top-tier managers.

Hedge Funds Review | 01 Mar 2010 | secure

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