Hedge Funds

Tullett Prebon launches secondary market desk to vie with HedgeBay

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Tullett Prebon, one of the world's largest inter-dealer brokers, has launched an alternative investments desk to rival HedgeBay, the main player in the secondary hedge fund market.

Tullett's new desk will offer institutional investors the opportunity to buy and sell secondary interests in hedge funds, as well as private equity funds. The new desk will be part of Tullett Prebon (Equities), which is authorised and regulated by The Financial Services Authority.

The dedicated London-based alternative investments team will be headed by Neil Campbell, a former portfolio manager at Axiom Funds. Campbell has more than 25 years' experience in