Hedge Funds

Optimism returns to the secondary market, says Hedgebay

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The secondary market for hedge funds appears to be recovering, according to Hedgebay. The firm’s secondary hedge fund index saw an increase in the average trade price for the second consecutive month in February – as well as the first premium trade since last year.

The average trade price rose slightly to 73.15% last month, suggesting the market is establishing a more consistent average and becoming more stable after last year’s volatility.

More encouraging was the premium trade, at 103% for a diversified commodity fund, which Hedgebay suggests could point to a return in pre-crisis confidence among investors.