Schemes turn to private exchanges for hedge fund deals

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GLOBAL - Pension funds are increasingly using private exchanges to trade stakes in hedge funds and are now more often buyers than sellers, HedgeBay says.

Elias Tueta says since the start of the crunch global pension funds have increased their use of HedgeBay, the secondaries trading exchange he co-founded in 1999, more than tenfold.They now represen...

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