Monthly Archives: August 2005

The Economist on secondary market for hedge funds

Trading hedge funds

Online matchmaking

Aug 4th 2005 | NEW YORK
From The Economist print edition

A new way for alternative investments to find new owners FOR those who fancy tucking a few million dollars into a select hedge fund, classified ads in newspapers will not do. But Hedgebay, a tidy secondary market for stakes in hedge funds, just might. Hedgebay is a website where serious investors take part in an online auction, finding and selling rare and coveted hedge funds that are closed to new investors. It began as a niche market in 1999, but its volume tripled in 2003 and now grows at an annualised rate of 20%.

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