Hedge Funds

Secondary trading: Will it take off now?

by

Big names are getting into the business, which has been bedeviled by poor transparency, slow execution, counterparty risk - and resistance from managers.

Big names are getting into the business, which has been bedeviled by poor transparency, slow execution, counterparty risk - and resistance from managers

By Britt Erica Tunick

Could the secondary market in hedge fund investments finally take off? Although about ten years old, this market has maintained a back-room, dodgy reputation, in no large part because hedge fund managers have generally opposed it - and investors have been afraid to cross them. But with the power balance shifting, will managers quit resisting and let the market flourish? The introduction of a handful of new platforms