Private equity eyes illiquid hedge fund stakes

Reuters – Hedge fund investors stuck in products with illiquid assets are increasingly seeing interest in their stakes from specialist private equity or other buyers as markets recover, according to broker Tullett Prebon.

Head of alternative investments at the British firm, Neil Campbell, said the global market for hedge fund secondaries has grown to several billion dollars a year, and is attracting bargain-hunters willing to take exposure to hard-to-sell assets.

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