Secondary market trading for hedge funds has seen its supply and demand curves shift dramatically in August with supply significantly outstripping demand. According to an investor letter from Hedgebay Trading Corp., a facilitator of secondary market transactions between hedge fund buyers and sellers, “supply of hedge funds increased exponentially and demand, while not exponentially reduced, was reduced significantly.”
Hedge fund assets have hit the $2.5trn mark according to HFMWeek’s eighth Hedge Fund Administrator Survey.
Sydney-based Macquarie Group has brought its $3bn in hedge fund products under one roof as part of a massive reshuffle.
Fund of hedge fund (FoHF) managers accounted for close to 30% of Pennsylvania State Employees’ Retirement System’s total investment portfolio, according to annua report.
Cadbury’s pension fund has added to its alternatives exposure with two new investments in hedge funds, according to online reports.
Ex-Refco CEO sentenced to 16 years in prison for defrauding investors out of $2.4bn.
Hedge fund assures committee members that it can maintain performance once two-year staff lock-up contracts expire
In spite of the dislocation in global financial markets and tough times for alternatives investments, hedge fund assets have risen by 11% in the past six months while the industry’s combined assets under administration have reached the $4trn milestone, according to the 9th biannual HFMWeek Hedge Fund Administrators Survey. “Given the volatility and background of current markets, an 11% rise is very positive,” said Charlie Kerr, publisher of HFMWeek.
UBP is increasing its allocation to CTA and macro managers, Jan Frogg, head of alternative investments at the firm, confirmed.
HFMWeek survey shows 29% growth in single manager funds to $1.77trn
22/09/2010
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30/09/2010
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