As more hedge funds freeze redemptions and throw up their gates, investors looking to cash out have few alternatives. HedgeBay Trading is one of them, and it is currently awash in sellers, with discounts rising as high as 75%.
One recent posting included partnership interests in more than 155 funds. Of those funds, 128 had offers to sell, while there were bids on 51. The inventory totaled nearly $900 million.
Funds facing the most serious problems are naturally being offered at the steepest discounts. At the top of a recent list distributed to potential clients was LibertyView Credit Opportunities, a