Hedgebay Trading Corporation is to launch the world's first hedge fund secondary market index in the latest sign of growing interest in secondary trading as a mechanism for buying and selling hedge fund investments.
Nassau-based Hedgebay has been providing a market for matching buyers and sellers of hedge fund interests since 1999. Elias Tueta, the co-founder of Hedgebay, believes the firm's new index will act as a useful barometer of the current mood of hedge fund investors and confidence in the hedge fund industry itself.
The Hedgebay Hedge Fund Secondary Market Index will...