While high-profile exchanges like Second Market Inc. and SharesPost Inc. have become the face of secondary-market trading, dozens of investment funds and vehicles have quietly emerged to buy such stock. But as Facebook, the eight-year-old darling of pre-IPO investors, prepares for a high-profile listing in May, the market is at a crossroads.
The exchange also confirmed its plans to raise about $1.6 billion to help fund its $2.7 billion acquisition of Russell Investments, the owner of the Russell 2000 stock market index. Read Post
(Reuters) - Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall... Read Post