With losses mountingthe average hedge fund is down 10% this yearhedge fund investors are increasingly looking to head for the exits, and hedge funds are putting up barriers, Dow Jones reports.
As a result, many investors, including pensions, endowments and hedge funds-of-funds, are resorting to alternative means to unload their shares, particularly the secondary market, even if it means selling at discounts as high as 50%.
One auction that matches buyers and sellers is Hedgebay, which says it has many listings offered at discount. While the market was strong and hedge funds were outpacing it, some enterprising hedge fund investors were looking to take advantage of the environment, and selling their shares at a premium.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.