Is there a marketplace where hedge fund managers put their funds for sale? How will buyers (possibly bigger funds) find funds which are for sale?
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Most of the AUM being managed is not raised on a market place. When it comes to money management, trust is paramount and this is rarely established over an impersonal marketplace.
But here are some directories, not sure of their marketing power/effect, though:
OP, Do you mean you are looking to acquire/buyout a functioning/distressed fund or a part of their AUM? I highly doubt that there would be a "marketplace".
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Yes. I used marketplace loosely.
Definitely did a bad job in writing an eloquent question.
{quote} Yes. I used marketplace loosely. Definitely did a bad job in writing an eloquent question.
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Hi, I think your best bet would be to go through a prime broker and look into their cap intro services. This again is a hard task if you are not experienced in the industry.
Adding to what Quinton has earlier quoted, Unless you are in the industry and have a network of your own who could act as a collateral reference to your credibility to manage the funds, I really don't think you can just go about acquiring an existing fund and expect the investors not to apply for redemption, unless you could find a fund which is specifically set-up both structurally and legally to be sold. This as far as my research is concerned is quite popular in China at a very small level (AUM <US$5M).
That being said, most of the money that you would find in those funds are cleaned versions of the laundered money that comes into Hong Kong from the rich upper middle class Chinese businessmen. I am not implying that this route is easy, but you do find a lot of small funds being run in Hong Kong (Note: Unregulated, Prop Shop style). They do define themselves as alternative investment vehicles alright. But in reality, are rarely structured like one.
