During the 2008 crisis, many of the investors who were stuck in a blocked hedge fund investments turned to the secondary market.
What began as a means to assist institutional investors in buying and selling stakes in highly sought-after hedge funds -- which were often traded at a premium to NAV - has evolved into a global OTC market. Hedge funds and other alternative assets, like private equity, are traded here to dramatically improve investor liquidity, which has notably deteriorated with the proliferation of longer lock-ups and the extreme demand for high-quality hedge fund returns.
In this Opalesque BACKSTAGE video, Lindsey Clavel from Hedgebay, a hedge fund secondary market which has been in operation since 1995, talks to Opalesque's Matthias Knab about the evolution and state of this market:
* The Evolution of Secondary Markets for Hedge Funds: How everything started in Geneva...
* How the secondary markets for hedge funds work now
* The financial crisis of 2008: What were the effects on the hedge fund secondary markets?
* The user base: Who is using hedge fund secondary markets now?
* Development and drivers of the volumes on the hedge fund secondary markets
* The future of the hedge fund secondary markets
* Private Equity investors fish for deep discounts within hedge fund portfolios
I look forward to your feedback at knab@opalesque.com.
Matthias Knab Posted On Sep 17 2010
Thanks, note that this is not about a fund but a service to accredited investors only. Hedgebay and its related entities are duly regulated but do not deal with the retail public.
Matthias Knab Posted On Oct 04 2010
I find your video good and now I ask you are this funds approved by FINMA for distribution in Switzerland?
