Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
09/06/2010
Pensions’ secondary market activity grows
Institutional interest in the hedge fund secondary market increased dramatically between 2008 and 2009, with pension funds showing the most substantial change in activity, HFMWeek can exclusively reveal.
According to information obtained by request from leading secondary market provider Hedgebay Trading, pension funds, insurance companies, endowments and foundations accounted for 11.69% of the total trading volume in 2010, compared to just 1.42% in 2007.
Pension funds recorded the biggest upsurge in activity, rising 892% from the start of 2008 to the end of 2009.
“By their nature, the type of assets they manage and their necessary aversion to risk of any kind, they [pension funds] are extremely cautious, and that makes them very reliable barometers of
industry maturation,” said Elias Tueta, co-founder of Hedgebay. “The institutional activity we’ve seen is evidence that the secondary market is now a key feature of the asset
management landscape,” she added.
Trading by insurance companies also increased by 152% over the same period, while endowment activity on the platform rose 101%.
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
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