Side pocket
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 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 2012
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 2011
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 2011
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 2011
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 2011
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
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
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 2010
Hedge fund launches eye variety of vehicles including Ucits and managed accounts
Hedge Funds Review | 30 May 2010
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