Blue Light Special: Hedge Fund Secondary Market Update

Tyler Durden's picture

On January 18 hedgebay.com announced the following $10 million blocks for sale:
- SAC Multi Strategy
- Montpellier Resources
- ZLP Offshore

Additionally, an investor with some foresight is bailing out of $6.65 million in Millennium. Another major selling block recently has been a $20 million piece of Elliott International that a seller has been dangling for a while.

On the other side, Ore Hill must have done something right: there is $35 million in bid side interest.

For people new to this whole hedge fund thing, and why archaeologists may be looking for its bones soon enough, read the full scoop here, courtesy of Louise Story of the New York Times (Deathwatch CDS at 962bps)