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’Hedge funds still not quite earning those 2-and-20s
Hedge fund returns are on the up, Reuters reported on Tuesday, citing the latest data from Hedge Fund Research:
Hedge funds posted more gains last month, providing fresh evidence that the $1.4 trillion (840 billion pounds) industry is recovering after last year’s heavy losses and record redemptions.The average hedge fund gained 2.42 percent in July after having inched up 0.13 percent in June,
Hedge fund investors plagued by a lack of conviction
Hedgebay – in the event you haven’t heard of it - does something rather interesting: it provides a secondary market for investors’ stakes in hedge funds.
They released figures about the Q1 secondary hedge fund market yesterday:
Buyers shun Bear Stearns’ fire sale
Investors in the worse-hit of two stricken Bear Stearns hedge funds are offering to sell their holdings for as little as 11 cents on the dollar but still finding no buyers, according to unfilled trades on Hedgebay,