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Tullett Prebon sets up alternatives primary placement business


Tullett Prebon, an inter-dealer broker, has launched a primary placement business for alternatives to raise capital for hedge funds, private equity and other alternative investment funds. Tullett Prebon's alternative investment desk began over a year ago to place secondary interests in alternative funds on behalf of institutional investors, rivaling HedgeBay, previously one of the only secondary market providers in hedge funds.

Neil Campbell

Tullett Prebon will adopt a bespoke approach to the primary placement business by structuring individual solutions for its clients. The team aims to leverage its buy-side experience, coupled with its extensive reach