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Side pocket

Shareholder activism grips disgruntled investors locked into non-performing hedge funds

Secondary trading of hedge funds so far in 2012 remains constant although supply will diminish. Disgruntled shareholders are becoming more vocal in pressing for swift closure of non-performing funds.

Hedge Funds Review | 03 Feb 2012secure

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Significant inflows into secondary hedge fund trading expected to swell market in 2012

Tullett Prebon estimates up to $3 billion is ready to be allocated to secondary hedge fund trading with a further $6-$10 billion of supply going into the hands of secondary buyers in 2012-13.

Hedge Funds Review | 10 Jan 2012secure

Offshore legal counsel has larger role in post 2008 hedge fund world

Closer scrutiny of documents and more negotiation around the terms of the vehicles being offered by hedge fund managers has meant a larger role being played by offshore legal counsel.

Hedge Funds Review | 12 Dec 2011secure

Secondary hedge fund market average discount to NAV grew in July

Discount to net asset value continued to increase in July in the secondary market for hedge funds. As more buyers enter the market, better transparency in illiquid underlying assets is being offered.

Hedge Funds Review | 08 Aug 2011secure

More liquidity offered in secondary hedge fund market as interest in side pockets increases

Secondary hedge fund market interest in side-pocketed investments from funds of hedge funds is adding new dynamic to the market as more liquidity is offered to investors as a result.

Hedge Funds Review | 01 Jun 2011secure

Institutional investors continue sell-off of secondary market hedge fund positions

New institutional investors are entering the secondary market for hedge funds as more prime names become available, trading around or above par. Growing trend for sales of block illiquid positions.

Hedge Funds Review | 06 May 2011secure

British Virgin Islands law firms see recovery as hedge fund formations pick up

Advising investors dealing with distressed hedge funds as well as restructuring forms the bulk of work by British Virgin Islands lawyers although fund formation work is starting to pick up.

Hedge Funds Review | 05 Oct 2010

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 2010secure

BNY Mellon introduces side pocket accounting tools

BNY Mellon’s hedge fund administration unit is rolling out an improved accounting service for investments held in side pockets and special purpose vehicles (SPVs).

Hedge Funds Review | 09 Jun 2010secure

Getting off on the right foot: structuring a hedge fund for launch

Hedge fund launches eye variety of vehicles including Ucits and managed accounts

Hedge Funds Review | 30 May 2010secure

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