Zurich, Switzerland, September 11, 2009 --(PR.com
)-- 2n20.com created a new internet platform for secondary market trading of hedge funds, implementing new transparency standards in a market where information typically is scarce. Offers on the platform not only include fund details, but the exact price a buyer or seller expects to realize. By allowing participants to make counter offers, 2n20.com speeds up the intermediation process while also indicating market tendencies.
Besides offering the already known method to sell mostly distressed funds with long redemption periods below the net asset value, 2n20.com introduces a brand new segment: The High Water Mark Market. This market is geared towards funds with short redemption periods that are not distressed, therefore selling at net asset value. Because the fund shares are sold including the old high water mark, buyers can save on the performance fee until the old high water mark is reached and share these profits with sellers of the shares. Thus for the first time investors get the chance to participate on fund earnings even after having sold their stake in the fund itself.
Registration on the platform is free, but access will only be granted for Accredited Investors. Besides meeting compliance needs this also ensures a high quality user base. Participants will be able to enjoy the transparency displayed without having to fear that sensitive information can be accessed by other people than the one intended to.
For more information about the platform please visit www.2n20.com.