Hedgebay to unveil secondary market index


Hedgebay Trading Corporation is to launch the world's first hedge fund secondary market index in the latest sign of growing interest in secondary trading as a mechanism for buying and selling hedge fund investments.

Nassau-based Hedgebay has been providing a market for matching buyers and sellers of hedge fund interests since 1999. Elias Tueta, the co-founder of Hedgebay, believes the firm's new index will act as a useful barometer of the current mood of hedge fund investors and confidence in the hedge fund industry itself.

The Hedgebay Hedge Fund Secondary Market Index will provide hedge fund investors, managers and other